Saia (NASDAQ:SAIA) Price Target Cut to $365.00 by Analysts at Citigroup

Saia (NASDAQ:SAIA) had its price objective cut by Citigroup from $371.00 to $365.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other research firms have also issued reports on SAIA. Zacks Research upgraded shares of Saia from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Evercore ISI dropped their price objective on shares of Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group upped their price objective on shares of Saia from $305.00 to $374.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Raymond James Financial dropped their price objective on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Finally, Benchmark reiterated a “buy” rating and set a $360.00 price objective on shares of Saia in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $337.67.

Saia Price Performance

SAIA stock opened at $292.50 on Friday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 12.90 and a beta of 2.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. Saia has a 12-month low of $229.12 and a 12-month high of $624.55. The company’s fifty day simple moving average is $302.19 and its 200 day simple moving average is $290.91.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.28. The business had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. Saia’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.46 earnings per share. On average, analysts expect that Saia will post 15.46 earnings per share for the current year.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Saia by 4.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,541 shares of the transportation company’s stock worth $1,359,000 after acquiring an additional 188 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Saia by 0.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock worth $2,449,000 after acquiring an additional 38 shares during the last quarter. Hunter Associates Investment Management LLC raised its holdings in shares of Saia by 13.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 21,352 shares of the transportation company’s stock worth $6,373,000 after acquiring an additional 2,473 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Saia by 41.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 3,240 shares of the transportation company’s stock worth $970,000 after acquiring an additional 946 shares during the last quarter. Finally, Boomfish Wealth Group LLC acquired a new stake in shares of Saia in the 3rd quarter worth about $204,000.

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.