Raymond James Cuts Saia (NASDAQ:SAIA) Price Target to $540.00

Saia (NASDAQ:SAIA) had its price objective trimmed by Raymond James from $560.00 to $540.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Other research analysts have also issued reports about the stock. Barclays dropped 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. BMO Capital Markets boosted their price target on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Wells Fargo & Company dropped their price target 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. The Goldman Sachs Group boosted their price target on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group boosted their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and a consensus price target of $535.41.

Saia Price Performance

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

Saia (NASDAQ:SAIA) last announced its 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). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the previous year, the company posted $3.33 earnings per share. Saia’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Saia will post 13.47 EPS for the current year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred 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 in the company, valued at $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 is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of Saia during the fourth quarter valued at approximately $25,000. Paladin Wealth LLC purchased a new position in shares of Saia during the third quarter valued at approximately $40,000. Jones Financial Companies Lllp lifted its stake in shares of Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after buying an additional 65 shares during the period. Tobam purchased a new position in shares of Saia during the third quarter valued at approximately $100,000. Finally, Blue Trust Inc. lifted its stake in shares of Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 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.