Barclays Cuts Saia (NASDAQ:SAIA) Price Target to $290.00

Saia (NASDAQ:SAIA - Get Free Report) had its price objective lowered by stock analysts at Barclays from $475.00 to $290.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Barclays's price target would indicate a potential upside of 20.73% from the company's previous close.

SAIA has been the subject of several other reports. Cowen reiterated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Jefferies Financial Group dropped their price objective on shares of Saia from $560.00 to $455.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. UBS Group lowered their price target on Saia from $557.00 to $422.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Stephens reiterated an "overweight" rating and issued a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their price target on Saia from $524.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $451.72.

Saia Stock Performance

Saia stock traded down $5.42 during trading on Monday, hitting $240.22. The stock had a trading volume of 338,255 shares, compared to its average volume of 466,291. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average is $362.99 and its two-hundred day moving average is $449.21. Saia has a 1 year low of $229.21 and a 1 year high of $624.55. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). The business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. During the same period in the prior year, the business posted $3.38 EPS. As a group, analysts predict that Saia will post 15.46 EPS for the current year.

Insider Buying and Selling

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on 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 in the company, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SAIA. Vanguard Group Inc. lifted its stake in shares of Saia by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock valued at $1,149,779,000 after purchasing an additional 25,090 shares during the last quarter. Alliancebernstein L.P. increased its position in Saia by 69.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after acquiring an additional 794,197 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Saia by 15.2% in the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock worth $170,598,000 after acquiring an additional 49,442 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Saia by 24,815.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after purchasing an additional 371,232 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after acquiring an additional 153,896 shares in 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.

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