Citigroup Lowers Saia (NASDAQ:SAIA) Price Target to $498.00

Saia (NASDAQ:SAIA) had its price target decreased by stock analysts at Citigroup from $544.00 to $498.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price points to a potential upside of 25.40% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a research note on Monday, February 24th. The Goldman Sachs Group raised their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Jefferies Financial Group upped their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $532.41.

Saia Stock Up 1.7 %

SAIA traded up $6.80 during trading hours on Tuesday, hitting $397.14. 722,692 shares of the company’s stock were exchanged, compared to its average volume of 400,916. The firm has a market cap of $10.58 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. Saia has a 12-month low of $358.90 and a 12-month high of $628.34. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $468.88 and a 200 day moving average of $468.37.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share 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 firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period last year, the business earned $3.33 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that Saia will post 15.46 EPS for the current fiscal year.

Insider Transactions at Saia

In related news, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on 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 approximately $8,599,114.30. The trade was a 29.92 % 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 worth $4,646,181 in the last ninety days. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas purchased a new stake in Saia during the third quarter valued at about $1,408,000. Highview Capital Management LLC DE purchased a new position in Saia during the 4th quarter worth approximately $1,324,000. Y Intercept Hong Kong Ltd acquired a new stake in Saia during the 4th quarter valued at $3,363,000. Legato Capital Management LLC lifted its holdings in shares of Saia by 100.6% in the fourth quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock valued at $713,000 after purchasing an additional 785 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in shares of Saia by 89.8% in the third 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 during the period.

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.