Saia (NASDAQ:SAIA) Given New $410.00 Price Target at Susquehanna

Saia (NASDAQ:SAIA - Get Free Report) had its target price dropped by investment analysts at Susquehanna from $540.00 to $410.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's price target would suggest a potential upside of 28.14% from the stock's previous close.

Several other analysts also recently issued reports on the company. Citigroup cut their price target on Saia from $544.00 to $498.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. The Goldman Sachs Group raised their target price on Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Cowen restated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Saia in a research report on Friday, March 7th. They issued a "buy" rating and a $570.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Saia from $510.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $509.72.

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Saia Stock Performance

SAIA stock traded down $50.85 during trading on Monday, hitting $319.97. 1,022,066 shares of the company's stock traded hands, compared to its average volume of 434,688. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia has a 52 week low of $307.41 and a 52 week high of $624.55. The stock has a fifty day moving average price of $423.44 and a two-hundred day moving average price of $463.36. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the company earned $3.33 EPS. Saia's quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Saia will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Saia news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares of the company's stock, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Saia

A number of institutional investors have recently bought and sold shares of SAIA. First Hawaiian Bank boosted its holdings in shares of Saia by 2.5% in the first quarter. First Hawaiian Bank now owns 4,248 shares of the transportation company's stock worth $1,484,000 after buying an additional 104 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Saia during the fourth quarter worth $4,493,000. Armis Advisers LLC bought a new position in shares of Saia in the 4th quarter valued at approximately $340,000. Challenger Wealth Management bought a new position in shares of Saia in the fourth quarter valued at approximately $228,000. Finally, Castlekeep Investment Advisors LLC bought a new position in Saia in the 4th quarter worth $2,908,000.

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.