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

Saia, Inc. (NASDAQ:SAIA - Get Free Report)'s stock 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 trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus set a $277.00 price target on Saia in a research note on Monday, April 28th. UBS Group dropped their target price on shares of Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Wolfe Research cut shares of Saia from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, April 29th. Bank of America increased their price target on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company cut their price objective on Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $340.16.

Saia Stock Down 0.8%

The stock has a market cap of $6.70 billion, a PE ratio of 18.61, a P/E/G ratio of 2.24 and a beta of 2.00. The business has a 50 day moving average price of $292.59 and a 200 day moving average price of $402.76. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last issued 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 return on equity of 16.63% and a net margin of 11.28%. The firm 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. Saia's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Hedge funds have recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in Saia in the 4th quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Saia by 172.7% in the fourth 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. Atala Financial Inc acquired a new position in shares of Saia during the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC lifted its position in shares of Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after buying an additional 47 shares in the last quarter. Finally, Huntington National Bank grew its stake in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after acquiring an additional 70 shares during the period.

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.