Evercore ISI Cuts Saia (NASDAQ:SAIA) Price Target to $298.00

Saia (NASDAQ:SAIA) had its price objective lowered by equities researchers at Evercore ISI from $415.00 to $298.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price suggests a potential upside of 22.48% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Citigroup dropped their price target on Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Susquehanna reduced their price objective on Saia from $540.00 to $410.00 and set a “neutral” rating for the company in a research note on Monday, March 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research note on Friday, March 7th. They set a “buy” rating and a $570.00 price objective for the company. UBS Group reduced their price objective on shares of Saia from $557.00 to $422.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, TD Cowen lifted their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $433.39.

Saia Stock Down 0.9 %

Shares of Saia stock traded down $2.32 on Monday, reaching $243.31. The company’s stock had a trading volume of 554,988 shares, compared to its average volume of 574,120. Saia has a 52 week low of $229.21 and a 52 week high of $624.55. The firm’s fifty day simple moving average is $362.99 and its two-hundred day simple moving average is $449.21. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million during the quarter, compared to analysts’ expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. During the same period last year, the firm posted $3.38 EPS. Equities analysts anticipate that Saia will post 15.46 earnings per share for the current year.

Insider Activity at Saia

In related 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several hedge funds have recently bought and sold shares of the business. Kestra Investment Management LLC bought a new stake in shares of Saia during the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after purchasing an additional 47 shares during the period. Atala Financial Inc bought a new stake in shares of Saia in the fourth quarter valued at about $36,000. Finally, Huntington National Bank raised its holdings in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 70 shares in the last quarter.

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.