Saia (NASDAQ:SAIA) Given New $473.00 Price Target at TD Cowen

Saia (NASDAQ:SAIA) had its price objective decreased by TD Cowen from $528.00 to $473.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. TD Cowen currently has a hold rating on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on SAIA. Benchmark raised their price target on Saia from $575.00 to $625.00 and gave the company a buy rating in a report on Thursday, March 21st. Bank of America raised their price target on Saia from $600.00 to $645.00 and gave the company a buy rating in a report on Tuesday, March 5th. UBS Group raised their price target on Saia from $475.00 to $618.00 and gave the company a buy rating in a report on Monday, February 5th. JPMorgan Chase & Co. began coverage on Saia in a research note on Monday, March 11th. They issued an overweight rating and a $676.00 target price for the company. Finally, Susquehanna lifted their target price on Saia from $500.00 to $625.00 and gave the company a positive rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $481.50.

Saia Price Performance

Saia stock opened at $416.10 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. The company has a market capitalization of $11.06 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. Saia has a one year low of $266.91 and a one year high of $628.34. The business has a 50 day simple moving average of $566.04 and a 200 day simple moving average of $479.86.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same period in the prior year, the business earned $2.85 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, sell-side analysts forecast that Saia will post 16.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Saia news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Saia news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas L. Col sold 1,812 shares of Saia stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total value of $1,010,643.00. Following the transaction, the chief financial officer now owns 5,623 shares in the company, valued at $3,136,228.25. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock valued at $14,966,813 over the last three months. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new stake in shares of Saia in the fourth quarter valued at about $26,000. Pineridge Advisors LLC bought a new stake in shares of Saia in the fourth quarter valued at about $26,000. Core Wealth Advisors Inc. bought a new stake in shares of Saia in the fourth quarter valued at about $32,000. Rise Advisors LLC bought a new stake in shares of Saia in the first quarter valued at about $40,000. Finally, GAMMA Investing LLC bought a new stake in shares of Saia in the fourth quarter valued at about $43,000.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.