Saia (NASDAQ:SAIA) Price Target Lowered to $600.00 at Bank of America

Saia (NASDAQ:SAIA - Free Report) had its price objective reduced by Bank of America from $612.00 to $600.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the transportation company's stock.

Several other equities analysts have also issued reports on SAIA. Benchmark reissued a "buy" rating and issued a $480.00 price target on shares of Saia in a report on Thursday, September 19th. Barclays boosted their target price on Saia from $515.00 to $620.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Jefferies Financial Group raised their price target on Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Evercore ISI decreased their price objective on Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Finally, Citigroup dropped their target price on shares of Saia from $651.00 to $644.00 and set a "buy" rating on the stock in a report on Wednesday, December 4th. 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 company's stock. According to MarketBeat.com, Saia presently has an average rating of "Moderate Buy" and an average target price of $522.59.

Saia Trading Down 1.2 %

SAIA traded down $6.15 during midday trading on Thursday, reaching $486.89. 593,626 shares of the company were exchanged, compared to its average volume of 333,084. The stock has a market capitalization of $12.95 billion, a P/E ratio of 34.78, a PEG ratio of 2.12 and a beta of 1.79. Saia has a one year low of $358.90 and a one year high of $628.34. The stock's 50-day simple moving average is $506.97 and its 200 day simple moving average is $459.88. 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 - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.67 EPS. As a group, analysts forecast that Saia will post 13.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares of the company's stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Saia

Institutional investors and hedge funds have recently made changes to their positions in the stock. Artemis Investment Management LLP grew its stake in shares of Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock valued at $113,833,000 after buying an additional 105,356 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock valued at $109,589,000 after acquiring an additional 98,383 shares during the period. Wasatch Advisors LP increased its stake in shares of Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after purchasing an additional 64,351 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Saia in the 3rd quarter valued at about $22,979,000. Finally, International Assets Investment Management LLC lifted its stake in Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock valued at $17,016,000 after purchasing an additional 38,827 shares during 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.