Stifel Nicolaus Has Lowered Expectations for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA - Free Report) had its target price trimmed by Stifel Nicolaus from $524.00 to $480.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the transportation company's stock.

Several other research analysts also recently commented on SAIA. Stephens reissued an "overweight" rating and set a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Jefferies Financial Group lowered their price target on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Saia in a report on Friday, March 7th. They set a "buy" rating and a $570.00 price objective for the company. BMO Capital Markets raised Saia from a "market perform" rating to an "outperform" rating and set a $455.00 price objective on the stock in a research note on Monday, April 7th. Finally, Barclays decreased their target price on Saia from $535.00 to $475.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $484.39.

Saia Stock Up 5.0 %

Shares of NASDAQ SAIA traded up $16.05 during trading on Monday, hitting $334.55. 426,856 shares of the company traded hands, compared to its average volume of 456,627. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia has a fifty-two week low of $287.50 and a fifty-two week high of $624.55. The business's fifty day moving average is $382.94 and its 200 day moving average is $453.60. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the company earned $3.33 earnings per share. The business's revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Activity

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares of the company's stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 in the last ninety days. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SAIA. Kestra Investment Management LLC bought a new position in shares of Saia during the fourth quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc purchased a new position in Saia during the fourth quarter valued at $36,000. Huntington National Bank boosted its stake in Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after buying an additional 70 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Saia in the first quarter valued at $43,000.

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.