Susquehanna Issues Pessimistic Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price objective trimmed by Susquehanna from $540.00 to $410.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the company. Stephens reissued an “overweight” rating and set a $600.00 price objective on shares of Saia in a research note on Thursday, February 6th. Bank of America lowered their price target on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Saia in a research report on Friday, March 7th. They set a “buy” rating and a $570.00 price objective for the company. Citigroup decreased their target price on shares of Saia from $544.00 to $498.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Cowen restated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $513.06.

Saia Stock Performance

NASDAQ:SAIA opened at $349.43 on Monday. The company has a market cap of $9.30 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.24 and a beta of 1.89. Saia has a twelve month low of $342.68 and a twelve month high of $624.55. The company’s 50-day moving average price is $428.96 and its 200-day moving average price is $464.56. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $3.33 earnings per share. On average, sell-side analysts forecast that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Large investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas acquired a new position in Saia during the 3rd quarter worth $1,408,000. Highview Capital Management LLC DE purchased a new position in shares of Saia in the 4th quarter valued at about $1,324,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Saia during the 4th quarter worth about $3,363,000. Charles Schwab Investment Management Inc. lifted its stake in Saia by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock worth $103,057,000 after purchasing an additional 4,972 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Saia by 13.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock valued at $3,101,000 after purchasing an additional 788 shares in the last quarter.

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.