Citigroup Has Lowered Expectations for Saia (NASDAQ:SAIA) Stock Price

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

A number of other research analysts have also recently weighed in on SAIA. BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Jefferies Financial Group boosted their target price on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Stifel Nicolaus boosted their target price on shares of Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Raymond James dropped their target price on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Bank of America lowered their price target on shares of Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $530.41.

Saia Stock Up 1.9 %

Saia stock opened at $479.27 on Tuesday. Saia has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The stock has a market cap of $12.74 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The firm’s 50-day simple moving average is $495.01 and its 200 day simple moving average is $461.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm’s revenue for the quarter 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. Research analysts predict that Saia will post 13.47 EPS for the current fiscal year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the 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 transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

A number of institutional investors have recently made changes to their positions in SAIA. Sanctuary Advisors LLC purchased a new stake in shares of Saia in the 2nd quarter valued at $2,227,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Saia by 920.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,450 shares of the transportation company’s stock valued at $1,636,000 after purchasing an additional 3,112 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Saia by 2.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,058 shares of the transportation company’s stock valued at $3,086,000 after purchasing an additional 200 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Saia by 10.6% in the 3rd quarter. Fulton Bank N.A. now owns 1,588 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 152 shares in the last quarter. Finally, Tobam purchased a new stake in shares of Saia in the 3rd quarter valued at $100,000.

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.