Saia (NASDAQ:SAIA) Price Target Lowered to $484.00 at Bank of America

Saia (NASDAQ:SAIA) had its target price lowered by investment analysts at Bank of America from $565.00 to $484.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price points to a potential upside of 24.88% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Cowen reaffirmed a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. The Goldman Sachs Group raised their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective on the stock in a research note on Monday, February 24th. Stephens restated an “overweight” rating and set a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus target price of $527.65.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $9.56 during midday trading on Wednesday, reaching $387.58. 178,803 shares of the company traded hands, compared to its average volume of 400,867. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.24 and a beta of 1.79. The stock has a 50-day moving average price of $467.30 and a 200 day moving average price of $468.40. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. 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 (NASDAQ:SAIA) last released its quarterly earnings results 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 company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.33 earnings per share. Sell-side analysts anticipate that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. This represents a 9.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction that occurred on Monday, February 10th. The stock was 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 owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last 90 days. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SAIA. Stephens Inc. AR grew its holdings in shares of Saia by 172.7% in the 3rd quarter. Stephens Inc. AR now owns 1,290 shares of the transportation company’s stock valued at $564,000 after buying an additional 817 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Saia by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock worth $6,732,000 after acquiring an additional 59 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Saia by 40.0% during the third quarter. Van ECK Associates Corp now owns 17,316 shares of the transportation company’s stock worth $7,150,000 after purchasing an additional 4,948 shares during the period. Marks Group Wealth Management Inc bought a new position in shares of Saia during the 3rd quarter valued at about $8,882,000. Finally, Lifestyle Asset Management Inc. grew its position in shares of Saia by 15.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 671 shares of the transportation company’s stock valued at $293,000 after purchasing an additional 90 shares during the period.

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.