Saia (NASDAQ:SAIA) Price Target Lowered to $490.00 at BMO Capital Markets

Saia (NASDAQ:SAIA) had its price objective decreased by BMO Capital Markets from $575.00 to $490.00 in a research note released on Monday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company’s stock.

Other equities analysts have also recently issued reports about the company. Bank of America boosted their target price on Saia from $600.00 to $645.00 and gave the company a buy rating in a research note on Tuesday, March 5th. The Goldman Sachs Group boosted their target price on Saia from $504.00 to $567.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Benchmark boosted their target price on Saia from $575.00 to $625.00 and gave the company a buy rating in a research note on Thursday, March 21st. UBS Group boosted their target price on Saia from $475.00 to $618.00 and gave the company a buy rating in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. started coverage on Saia in a research note on Monday, March 11th. They set an overweight rating and a $676.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Saia has an average rating of Hold and a consensus price target of $497.22.

Saia Price Performance

SAIA opened at $405.95 on Monday. The stock’s 50 day simple moving average is $557.30 and its 200 day simple moving average is $478.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. Saia has a 1 year low of $266.91 and a 1 year high of $628.34. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.25 and a beta of 1.71.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. Saia’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 earnings per share. As a group, analysts predict that Saia will post 15.38 earnings per share for the current year.

Insiders Place Their Bets

In other Saia news, CFO Douglas L. Col sold 1,812 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total value of $1,010,643.00. Following the sale, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the transaction, the chief financial officer now directly owns 5,623 shares in the company, valued at $3,136,228.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,699 shares of company stock valued at $14,966,813. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its holdings in shares of Saia by 5.7% during the first quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock valued at $226,000 after purchasing an additional 21 shares in the last quarter. Allworth Financial LP increased its position in Saia by 13.3% during the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 26 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Saia by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 29 shares during the last quarter. Park Place Capital Corp increased its position in Saia by 11.1% during the fourth quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 32 shares during the last quarter. Finally, Xponance Inc. increased its position in Saia by 1.0% during the fourth quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after acquiring an additional 33 shares during the last quarter.

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.