Citigroup Cuts Saia (NASDAQ:SAIA) Price Target to $544.00

Saia (NASDAQ:SAIA) had its price objective decreased by Citigroup from $561.00 to $544.00 in a report issued on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

SAIA has been the topic of several other reports. Susquehanna lifted their target price on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a report on Tuesday. BMO Capital Markets lifted their target price on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Bank of America reduced their target price on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Tuesday. The Goldman Sachs Group lifted their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Barclays reduced their target price on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average target price of $535.41.

Saia Price Performance

NASDAQ:SAIA opened at $508.47 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $492.66 and its two-hundred day simple moving average is $462.24. The stock has a market cap of $13.52 billion, a PE ratio of 36.32, a P/E/G ratio of 2.31 and a beta of 1.79. Saia has a 52 week low of $358.90 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 earnings per share. As a group, analysts forecast that Saia will post 13.47 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s 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 transaction, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kestra Investment Management LLC purchased a new position in shares of Saia during the fourth quarter valued at approximately $25,000. Paladin Wealth LLC purchased a new stake in shares of Saia in the third quarter valued at approximately $40,000. Jones Financial Companies Lllp boosted its holdings in shares of Saia by 47.8% in the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 65 shares during the period. Tobam purchased a new stake in shares of Saia in the third quarter valued at approximately $100,000. Finally, Blue Trust Inc. boosted its holdings in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 217 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.