Saia (NASDAQ:SAIA) Receives Neutral Rating from Susquehanna

Saia (NASDAQ:SAIA - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at Susquehanna in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $530.00 target price on the transportation company's stock, down from their prior target price of $565.00. Susquehanna's price target points to a potential upside of 15.66% from the company's previous close.

A number of other equities analysts also recently commented on SAIA. Citigroup lowered their price objective on Saia from $651.00 to $644.00 and set a "buy" rating for the company in a research report on Wednesday, December 4th. Barclays boosted their price target on shares of Saia from $515.00 to $620.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Evercore ISI reduced their price objective on shares of Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group boosted their target price on shares of Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Finally, Stephens raised their price target on Saia from $481.00 to $515.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and a consensus target price of $511.65.

Saia Stock Down 2.8 %

Saia stock traded down $13.05 during mid-day trading on Tuesday, reaching $458.25. 342,264 shares of the company's stock were exchanged, compared to its average volume of 359,491. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a market cap of $12.19 billion, a P/E ratio of 32.73, a P/E/G ratio of 2.96 and a beta of 1.79. The company has a fifty day moving average of $514.18 and a 200-day moving average of $459.72.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the previous year, the business posted $3.67 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Saia will post 13.51 EPS for the current year.

Insider Buying and Selling

In other Saia 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 sale, the executive vice president now directly owns 8,270 shares of the company's stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Large investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas acquired a new stake in Saia in the third quarter valued at about $1,408,000. MML Investors Services LLC raised its stake in shares of Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company's stock worth $1,886,000 after buying an additional 2,041 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $22,979,000. BNP Paribas Financial Markets boosted its stake in shares of Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company's stock valued at $1,617,000 after buying an additional 1,411 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Saia by 6.0% during the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock worth $31,633,000 after acquiring an additional 3,886 shares during the period.

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.