Saia (NASDAQ:SAIA) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Several other equities analysts have also commented on SAIA. Cowen reiterated a “hold” rating and set a $55.00 price objective on shares of Saia in a research report on Friday, September 8th. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price objective on shares of Saia in a research report on Thursday, September 21st. ValuEngine lowered Saia from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Morgan Stanley increased their price objective on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Saia presently has an average rating of “Hold” and an average target price of $56.00.

Shares of Saia (NASDAQ:SAIA) traded down $0.15 during trading on Friday, hitting $71.05. The stock had a trading volume of 180,522 shares, compared to its average volume of 144,850. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $1,810.00, a price-to-earnings ratio of 34.32 and a beta of 0.90. Saia has a 12-month low of $41.28 and a 12-month high of $72.45.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $350.06 million for the quarter, compared to the consensus estimate of $344.46 million. Saia had a net margin of 4.05% and a return on equity of 10.61%. Saia’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. analysts expect that Saia will post 2.18 EPS for the current year.

In related news, CEO Richard D. Odell sold 40,700 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the completion of the sale, the chief executive officer now directly owns 48,634 shares in the company, valued at approximately $3,138,838.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Maschmeier sold 4,090 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total value of $265,850.00. Following the sale, the insider now owns 7,316 shares of the company’s stock, valued at $475,540. The disclosure for this sale can be found here. Insiders have sold a total of 53,405 shares of company stock valued at $3,451,982 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Saia by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock worth $67,631,000 after buying an additional 51,915 shares during the period. Victory Capital Management Inc. lifted its holdings in Saia by 30.3% in the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after buying an additional 224,547 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Saia by 9.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after buying an additional 78,252 shares during the period. Northern Trust Corp lifted its holdings in Saia by 8.3% in the 2nd quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock worth $40,384,000 after buying an additional 60,162 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in Saia by 5.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 722,480 shares of the transportation company’s stock worth $37,063,000 after buying an additional 38,530 shares during the period. Institutional investors own 99.83% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/06/saia-saia-rating-lowered-to-buy-at-bidaskclub.html.

About Saia

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.

Analyst Recommendations for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.