Citigroup Issues Pessimistic Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its target price cut by Citigroup from $561.00 to $544.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities analysts also recently commented on SAIA. Raymond James reduced their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday. Susquehanna upped their price target on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America reduced their price target on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday. The Goldman Sachs Group upped their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.41.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $508.47 on Tuesday. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $492.66 and a 200 day moving average of $462.24.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $3.33 EPS. On average, sell-side analysts predict that Saia will post 13.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Saia

Several hedge funds have recently added to or reduced their stakes in SAIA. Kestra Investment Management LLC purchased a new stake in Saia in the fourth quarter valued at $25,000. Paladin Wealth LLC purchased a new stake in Saia in the third quarter valued at $40,000. Jones Financial Companies Lllp boosted its stake in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after acquiring an additional 65 shares in the last quarter. Tobam purchased a new stake in shares of Saia during the 3rd quarter worth about $100,000. Finally, Blue Trust Inc. boosted its stake in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares in the last quarter.

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.