Saia (NASDAQ:SAIA) Price Target Cut to $498.00 by Analysts at Citigroup

Saia (NASDAQ:SAIA) had its target price decreased by stock analysts at Citigroup from $544.00 to $498.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 25.40% from the stock’s current price.

SAIA has been the topic of several other reports. Stephens reiterated an “overweight” rating and set a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays decreased their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Raymond James cut their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $532.41.

Saia Stock Up 1.7 %

NASDAQ SAIA traded up $6.80 during trading hours on Tuesday, reaching $397.14. 722,692 shares of the company’s stock traded hands, compared to its average volume of 400,916. The firm has a market cap of $10.58 billion, a PE ratio of 29.40, a PEG ratio of 2.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia has a 52-week low of $358.90 and a 52-week high of $628.34. The firm has a 50-day simple moving average of $468.88 and a 200 day simple moving average of $468.37.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.33 EPS. Sell-side analysts anticipate that Saia will post 15.46 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 in the last ninety days. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Saia during the 4th quarter worth approximately $4,493,000. Armis Advisers LLC purchased a new stake in shares of Saia during the 4th quarter valued at approximately $340,000. Challenger Wealth Management purchased a new stake in Saia in the fourth quarter valued at $228,000. Castlekeep Investment Advisors LLC acquired a new position in shares of Saia in the 4th quarter valued at $2,908,000. Finally, Highview Capital Management LLC DE purchased a new position in shares of Saia during the 4th quarter worth $1,324,000.

Saia Company Profile

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.