Saia (NASDAQ:SAIA) Price Target Cut to $475.00 by Analysts at Barclays

Saia (NASDAQ:SAIA) had its price target decreased by Barclays from $535.00 to $475.00 in a research report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

SAIA has been the topic of several other research reports. Bank of America lowered their target price on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company decreased their price objective on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. JPMorgan Chase & Co. cut their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Raymond James decreased their price target on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group lifted their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus price target of $509.72.

Saia Stock Performance

NASDAQ SAIA opened at $370.82 on Wednesday. The stock has a market cap of $9.87 billion, a P/E ratio of 27.45, a PEG ratio of 2.24 and a beta of 1.89. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia has a twelve month low of $342.68 and a twelve month high of $624.55. The company’s 50-day simple moving average is $423.44 and its 200 day simple moving average is $463.36.

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

Insider Transactions at Saia

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of 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 trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last three months. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Hedge funds have recently modified their holdings of the business. Oddo BHF Asset Management Sas acquired a new stake in Saia during the 3rd quarter worth approximately $1,408,000. Highview Capital Management LLC DE bought a new stake in Saia in the 4th quarter valued at $1,324,000. Y Intercept Hong Kong Ltd acquired a new position in Saia in the 4th quarter worth $3,363,000. Charles Schwab Investment Management Inc. increased its holdings in Saia by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock worth $103,057,000 after purchasing an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Saia by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock valued at $3,101,000 after purchasing an additional 788 shares during the period.

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.