Saia, Inc. (NASDAQ:SAIA) Given Average Rating of “Buy” by Analysts
Shares of Saia, Inc. (NASDAQ:SAIA) have received a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $52.60.
A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $48.00 target price (up from $44.00) on shares of Saia in a research note on Monday, July 31st. Cowen and Company boosted their target price on shares of Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th.
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In related news, Director Herbert A. Trucksess III sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $54.33, for a total transaction of $814,950.00. Following the sale, the director now directly owns 183,442 shares in the company, valued at approximately $9,966,403.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herbert A. Trucksess III sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $54.09, for a total transaction of $1,622,700.00. Following the sale, the director now owns 183,442 shares in the company, valued at $9,922,377.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,512 shares of company stock worth $2,948,508. Corporate insiders own 1.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Saia by 193.3% in the fourth quarter. AQR Capital Management LLC now owns 25,330 shares of the transportation company’s stock worth $1,119,000 after buying an additional 16,695 shares during the last quarter. Norges Bank acquired a new stake in shares of Saia during the fourth quarter worth approximately $17,227,000. Teachers Advisors LLC boosted its stake in shares of Saia by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 41,950 shares of the transportation company’s stock worth $1,852,000 after buying an additional 560 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Saia by 547.3% in the first quarter. Bank of Montreal Can now owns 56,046 shares of the transportation company’s stock worth $2,483,000 after buying an additional 47,388 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock worth $302,000 after buying an additional 1,074 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.
Saia (NASDAQ:SAIA) traded down 1.30% during trading on Tuesday, reaching $52.95. The company’s stock had a trading volume of 194,407 shares. The company has a market cap of $1.34 billion, a P/E ratio of 25.69 and a beta of 0.78. The stock’s 50-day moving average is $51.44 and its 200 day moving average is $47.58. Saia has a 12 month low of $27.96 and a 12 month high of $58.00.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. Saia had a net margin of 4.12% and a return on equity of 10.84%. The business had revenue of $358.20 million during the quarter, compared to the consensus estimate of $348.53 million. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Saia will post $2.21 EPS for the current fiscal year.
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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