UBS Group Issues Pessimistic Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA - Get Free Report) had its price objective decreased by research analysts at UBS Group from $422.00 to $305.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. UBS Group's target price points to a potential upside of 28.63% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the company. Barclays dropped their price objective on Saia from $475.00 to $290.00 and set an "overweight" rating for the company in a research note on Monday. Raymond James cut their price target on shares of Saia from $540.00 to $455.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley raised shares of Saia from an "underweight" rating to an "equal weight" rating in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Saia from $524.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Susquehanna reduced their target price on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $402.72.

Saia Trading Down 3.5 %

SAIA traded down $8.52 on Monday, hitting $237.11. The company had a trading volume of 1,852,852 shares, compared to its average volume of 472,045. The company's fifty day moving average price is $362.99 and its 200 day moving average price is $449.21. Saia has a 1 year low of $229.21 and a 1 year high of $624.55. 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 firm has a market cap of $6.31 billion, a P/E ratio of 17.55, a PEG ratio of 2.24 and a beta of 1.99.

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 the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. During the same quarter in the prior year, the company posted $3.38 earnings per share. The business's revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts expect that Saia will post 15.46 earnings per share for the current year.

Insider Transactions at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares of the company's stock, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Saia

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Saia by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after purchasing an additional 26 shares during the period. Core Wealth Advisors Inc. boosted its holdings in shares of Saia by 3.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock valued at $319,000 after acquiring an additional 26 shares during the period. Arizona State Retirement System grew its position in shares of Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock worth $3,502,000 after acquiring an additional 29 shares during the last quarter. Heritage Family Offices LLP increased its holdings in shares of Saia by 4.1% in the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock valued at $259,000 after acquiring an additional 29 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock valued at $309,000 after purchasing an additional 30 shares during the last quarter.

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.

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