Saia, Inc. (NASDAQ:SAIA) Stock Rating Upgraded by BidaskClub
Saia, Inc. (NASDAQ:SAIA) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.
SAIA has been the subject of several other reports. Zacks Investment Research lowered Saia from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. Cowen and Company boosted their target price on Saia from $49.00 to $50.00 and gave the stock a “market perform” rating in a report on Monday, May 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $52.20.
Saia (SAIA) traded up 0.88% on Friday, reaching $51.30. 166,977 shares of the company traded hands. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 27.16 and a beta of 0.77. Saia has a 52-week low of $24.06 and a 52-week high of $52.35. The firm has a 50 day moving average price of $47.37 and a 200 day moving average price of $46.42.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, April 28th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $317 million during the quarter, compared to analyst estimates of $306.80 million. Saia had a return on equity of 10.27% and a net margin of 3.92%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. Equities research analysts predict that Saia will post $2.14 EPS for the current year.
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A number of large investors have recently bought and sold shares of SAIA. BlackRock Inc. raised its stake in Saia by 49,565.9% in the first quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock valued at $136,190,000 after buying an additional 3,068,128 shares during the period. Goldman Sachs Group Inc. raised its stake in Saia by 652.0% in the first quarter. Goldman Sachs Group Inc. now owns 815,422 shares of the transportation company’s stock valued at $36,124,000 after buying an additional 706,982 shares during the period. Citadel Advisors LLC bought a new stake in Saia during the first quarter valued at $18,354,000. Norges Bank bought a new stake in Saia during the fourth quarter valued at $17,227,000. Finally, Elk Creek Partners LLC bought a new stake in Saia during the first quarter valued at $11,416,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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