Saia (NASDAQ:SAIA) Price Target Cut to $544.00 by Analysts at Citigroup

Saia (NASDAQ:SAIA - Get Free Report) had its price objective cut by research analysts at Citigroup from $561.00 to $544.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Citigroup's price objective indicates a potential upside of 11.13% from the company's previous close.

Several other brokerages also recently issued reports on SAIA. Susquehanna increased their price objective on shares of Saia from $530.00 to $540.00 and gave the company a "neutral" rating in a research report on Tuesday. The Goldman Sachs Group raised their price target on shares of Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Bank of America cut their price objective on shares of Saia from $600.00 to $565.00 and set a "buy" rating on the stock in a report on Tuesday. Wells Fargo & Company lowered their target price on Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus boosted their price target on Saia from $443.00 to $529.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $535.41.

Saia Stock Down 3.7 %

Shares of NASDAQ:SAIA traded down $18.96 during midday trading on Tuesday, hitting $489.51. 274,716 shares of the company's stock traded hands, compared to its average volume of 391,610. Saia has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a market cap of $13.02 billion, a PE ratio of 34.97, a P/E/G ratio of 2.31 and a beta of 1.79. 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 firm's fifty day moving average price is $492.66 and its two-hundred day moving average price is $462.24.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same quarter in the prior year, the firm earned $3.33 EPS. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Saia will post 13.47 EPS for the current fiscal year.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction 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. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Saia

A number of institutional investors have recently made changes to their positions in SAIA. Kestra Investment Management LLC bought a new stake in Saia during the fourth quarter worth approximately $25,000. Paladin Wealth LLC acquired a new position in shares of Saia in the 3rd quarter worth $40,000. Tortoise Investment Management LLC grew its holdings in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after acquiring an additional 49 shares during the last quarter. Jones Financial Companies Lllp raised its position 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 worth $92,000 after purchasing an additional 65 shares during the period. Finally, Tobam purchased a new stake in shares of Saia during the third quarter valued at $100,000.

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.