Saia (NASDAQ:SAIA) Price Target Lowered to $480.00 at BMO Capital Markets

Saia (NASDAQ:SAIA) had its target price dropped by investment analysts at BMO Capital Markets from $500.00 to $480.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target suggests a potential upside of 24.09% from the stock’s current price.

SAIA has been the topic of several other reports. UBS Group decreased their price target on shares of Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Benchmark lowered their target price on shares of Saia from $575.00 to $480.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their price target on Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Evercore ISI raised their price objective on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 25th. Finally, Susquehanna dropped their price objective on Saia from $610.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $490.18.

Saia Stock Performance

Shares of NASDAQ:SAIA traded down $9.61 during trading on Monday, reaching $386.82. 459,541 shares of the stock were exchanged, compared to its average volume of 395,088. Saia has a 12 month low of $341.26 and a 12 month high of $628.34. The stock has a 50-day moving average price of $447.36 and a 200-day moving average price of $493.54. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 0.08. The firm has a market cap of $10.29 billion, a PE ratio of 28.42, a PEG ratio of 1.41 and a beta of 1.72.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.14% and a net margin of 12.26%. The firm had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same period in the previous year, the business posted $2.85 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Research analysts expect that Saia will post 15.32 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other news, Director John P. Gainor, Jr. purchased 500 shares of Saia stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director now owns 900 shares in the company, valued at approximately $366,300. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SAIA. Pineridge Advisors LLC acquired a new stake in Saia during the 4th quarter worth about $26,000. Core Wealth Advisors Inc. acquired a new position in Saia in the fourth quarter valued at approximately $32,000. Blue Trust Inc. boosted its holdings in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Saia during the 1st quarter worth approximately $40,000. Finally, GAMMA Investing LLC bought a new stake in shares of Saia in the 4th quarter valued at $43,000.

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.