Saia (NASDAQ:SAIA) PT Lowered to $520.00

Saia (NASDAQ:SAIA - Free Report) had its price objective decreased by Raymond James from $540.00 to $520.00 in a research report sent to investors on Monday morning, Benzinga reports. Raymond James currently has an outperform rating on the transportation company's stock.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus upgraded shares of Saia from a hold rating to a buy rating and cut their price target for the company from $526.00 to $475.00 in a report on Friday, May 24th. The Goldman Sachs Group increased their price target on shares of Saia from $504.00 to $567.00 and gave the company a neutral rating in a report on Thursday, April 11th. BMO Capital Markets increased their price target on shares of Saia from $490.00 to $500.00 and gave the company a market perform rating in a report on Thursday, June 13th. StockNews.com cut shares of Saia from a hold rating to a sell rating in a report on Monday, April 29th. Finally, Wolfe Research cut shares of Saia from an outperform rating to a peer perform rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Saia currently has an average rating of Hold and an average price target of $492.47.

Saia Stock Up 1.4 %

Shares of NASDAQ SAIA traded up $6.44 on Monday, reaching $467.05. 350,409 shares of the company's stock traded hands, compared to its average volume of 368,538. Saia has a 12 month low of $313.53 and a 12 month high of $628.34. The business's 50 day simple moving average is $440.49 and its two-hundred day simple moving average is $486.19. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.70. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same period in the prior year, the business posted $2.85 EPS. Saia's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Saia will post 15.31 EPS for the current fiscal year.

Insider Activity

In other news, Director John P. Gainor, Jr. acquired 500 shares of the firm's stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the transaction, the director now directly owns 900 shares of the company's stock, valued at $366,300. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company's stock.

Institutional Trading of Saia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new stake in Saia in the 4th quarter valued at $26,000. Pineridge Advisors LLC bought a new stake in Saia in the 4th quarter valued at $26,000. Core Wealth Advisors Inc. bought a new stake in Saia in the 4th quarter valued at $32,000. Rise Advisors LLC bought a new stake in Saia in the 1st quarter valued at $40,000. Finally, GAMMA Investing LLC bought a new stake in Saia in the 4th quarter valued at $43,000.

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.