Saia (NASDAQ:SAIA) Shares Gap Down - Should You Sell?

Saia, Inc. (NASDAQ:SAIA - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $265.08, but opened at $252.00. Saia shares last traded at $253.32, with a volume of 194,511 shares.

Analysts Set New Price Targets

SAIA has been the topic of a number of recent research reports. UBS Group lowered their price objective on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft downgraded Saia from a "buy" rating to a "hold" rating and set a $273.00 price objective on the stock. in a report on Thursday, May 1st. Barclays downgraded Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Raymond James set a $310.00 target price on Saia and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company dropped their price objective on Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $340.16.

Saia Price Performance

The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $292.59 and a 200 day simple moving average of $403.64. The stock has a market capitalization of $6.70 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results 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 during 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%. The business's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.38 earnings per share. On average, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Hedge Funds Weigh In On Saia

Several institutional investors have recently modified their holdings of SAIA. Greenleaf Trust grew its holdings in Saia by 6.4% during the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company's stock valued at $279,000 after purchasing an additional 37 shares during the period. Retirement Systems of Alabama grew its holdings in Saia by 2.7% during the fourth quarter. Retirement Systems of Alabama now owns 39,125 shares of the transportation company's stock valued at $17,830,000 after purchasing an additional 1,025 shares during the period. Bleakley Financial Group LLC grew its holdings in Saia by 27.6% during the fourth quarter. Bleakley Financial Group LLC now owns 874 shares of the transportation company's stock valued at $398,000 after purchasing an additional 189 shares during the period. Apollon Wealth Management LLC bought a new position in Saia during the fourth quarter valued at $252,000. Finally, WCM Investment Management LLC grew its holdings in Saia by 39.0% during the fourth quarter. WCM Investment Management LLC now owns 42,265 shares of the transportation company's stock valued at $19,417,000 after purchasing an additional 11,856 shares during the period.

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.