Saia (NASDAQ:SAIA) Rating Lowered to Neutral at Bank of America

Saia (NASDAQ:SAIA) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a note issued to investors on Monday,Briefing.com Automated Import reports. They currently have a $251.00 target price on the transportation company’s stock. Bank of America‘s price objective indicates a potential upside of 2.18% from the company’s previous close.

Several other brokerages have also weighed in on SAIA. Barclays cut their price objective on shares of Saia from $535.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. TD Cowen increased their price target on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Morgan Stanley upgraded Saia from an “underweight” rating to an “equal weight” rating in a report on Friday. Finally, BMO Capital Markets cut shares of Saia from an “outperform” rating to a “market perform” rating and cut their price target for the company from $455.00 to $285.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

Saia Trading Up 0.0 %

NASDAQ:SAIA opened at $245.64 on Monday. The firm has a market cap of $6.54 billion, a P/E ratio of 18.16, a PEG ratio of 2.24 and a beta of 1.99. The stock’s 50 day simple moving average is $362.99 and its 200-day simple moving average is $449.21. 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 has a 12-month low of $229.21 and a 12-month high of $624.55.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same period in the previous year, the business earned $3.38 EPS. Equities analysts anticipate that Saia will post 15.46 EPS for the current year.

Insider Activity at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 over the last quarter. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAIA. Kestra Investment Management LLC acquired a new position in Saia in the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after buying an additional 38 shares in the last quarter. Golden State Wealth Management LLC raised its position in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. Atala Financial Inc acquired a new position in Saia during the fourth quarter worth $36,000. Finally, Huntington National Bank lifted its holdings in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after purchasing an additional 70 shares during the last quarter.

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.