Susquehanna Lowers Saia (NASDAQ:SAIA) Price Target to $410.00

Saia (NASDAQ:SAIA) had its price target cut by Susquehanna from $540.00 to $410.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 14.21% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Barclays decreased their price target on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. TD Cowen lifted their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price 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. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a research note on Monday, February 24th. Finally, Citigroup lowered their price objective on Saia from $544.00 to $498.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One investment 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. According to data from MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.06.

Saia Stock Down 4.5 %

Shares of NASDAQ SAIA opened at $359.00 on Monday. The stock has a market cap of $9.56 billion, a P/E ratio of 26.57, a PEG ratio of 2.24 and a beta of 1.89. The business’s fifty day simple moving average is $431.71 and its 200-day simple moving average is $465.06. Saia has a 12-month low of $342.68 and a 12-month high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last posted its quarterly 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 net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.33 EPS. As a group, equities analysts predict that Saia will post 15.46 EPS for the current fiscal year.

Insider Activity at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction 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. The trade was a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated 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 $8,599,114.30. This trade 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 in the last 90 days. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

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