Saia Inc. (SAIA) Rating Lowered to Sell at Zacks Investment Research
Saia Inc. (NASDAQ:SAIA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “SCS Trans Inc is a leading transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, petrochemical and manufacturing industries. We serve a wide variety of customers by offering regional, interregional and national LTL services and selected TL services across the United States.Saia customers can choose from a wide variety of service options including overnight and second-day regional LTL shipping and a guaranteed/expedited delivery “
Several other research firms have also recently issued reports on SAIA. TheStreet upgraded Saia from a “hold” rating to a “buy” rating in a research report on Friday, August 26th. Cowen and Company increased their target price on Saia from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Finally, Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Saia currently has a consensus rating of “Hold” and a consensus target price of $29.40.
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Saia (NASDAQ:SAIA) traded down 1.74% during mid-day trading on Wednesday, reaching $29.33. The company had a trading volume of 151,697 shares. The company has a market capitalization of $734.34 million, a PE ratio of 15.95 and a beta of 0.96. Saia has a 1-year low of $18.28 and a 1-year high of $33.96. The firm has a 50-day moving average of $30.08 and a 200 day moving average of $27.76.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. The company earned $312 million during the quarter, compared to analysts’ expectations of $309.75 million. Saia had a return on equity of 10.61% and a net margin of 3.90%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. On average, analysts predict that Saia will post $1.85 earnings per share for the current fiscal year.
In other Saia news, VP Mark H. Robinson sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $28.55, for a total transaction of $71,375.00. Following the completion of the transaction, the vice president now owns 16,602 shares in the company, valued at approximately $473,987.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Mason Street Advisors LLC bought a new stake in Saia during the second quarter valued at about $123,000. Bank of Montreal Can bought a new stake in Saia during the second quarter valued at about $137,000. Legal & General Group Plc raised its stake in Saia by 13.2% in the first quarter. Legal & General Group Plc now owns 5,706 shares of the company’s stock valued at $160,000 after buying an additional 666 shares during the last quarter. BlackRock Inc. raised its stake in Saia by 296.4% in the second quarter. BlackRock Inc. now owns 6,485 shares of the company’s stock valued at $162,000 after buying an additional 4,849 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in Saia during the first quarter valued at about $185,000. 97.75% of the stock is owned by institutional investors and hedge funds.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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