Saia, Inc. (SAIA) Receives Consensus Rating of “Hold” from Analysts
Shares of Saia, Inc. (NASDAQ:SAIA) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $50.33.
Several research firms have weighed in on SAIA. ValuEngine downgraded Saia from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub downgraded Saia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and issued a $55.00 target price on shares of Saia in a research report on Thursday, October 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $48.00 target price (up from $44.00) on shares of Saia in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th.
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Saia (NASDAQ SAIA) traded up 3.22% on Friday, hitting $62.50. 200,701 shares of the stock were exchanged. Saia has a 52-week low of $28.57 and a 52-week high of $63.10. The stock’s 50 day moving average price is $59.44 and its 200 day moving average price is $51.72. The firm has a market cap of $1.59 billion, a PE ratio of 30.34 and a beta of 0.85.
Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $358.20 million during the quarter, compared to the consensus estimate of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. Saia’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Equities research analysts forecast that Saia will post $2.17 earnings per share for the current year.
In other news, Director Douglas Wayne Rockel sold 3,112 shares of Saia stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $53.70, for a total value of $167,114.40. Following the completion of the transaction, the director now owns 7,314 shares in the company, valued at approximately $392,761.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard D. Odell sold 6,400 shares of Saia stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $53.71, for a total value of $343,744.00. Following the completion of the transaction, the chief executive officer now owns 9,034 shares of the company’s stock, valued at approximately $485,216.14. The disclosure for this sale can be found here. Insiders sold a total of 74,576 shares of company stock valued at $4,053,452 in the last quarter. Company insiders own 1.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP purchased a new stake in Saia during the second quarter worth approximately $1,924,000. Virginia Retirement Systems ET AL lifted its stake in Saia by 242.7% during the second quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the transportation company’s stock worth $1,318,000 after purchasing an additional 18,200 shares during the last quarter. Turner Investments LLC purchased a new stake in Saia during the second quarter worth approximately $359,000. American Century Companies Inc. lifted its stake in Saia by 8.8% during the second quarter. American Century Companies Inc. now owns 126,140 shares of the transportation company’s stock worth $6,471,000 after purchasing an additional 10,180 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Saia by 9.6% during the second quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after purchasing an additional 78,252 shares during the last quarter. Hedge funds and other institutional investors own 96.98% 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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