Saia (SAIA) Raised to Strong-Buy at BidaskClub

Saia (NASDAQ:SAIA) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

SAIA has been the topic of several other research reports. Cowen restated a “hold” rating and issued a $55.00 target price on shares of Saia in a research report on Thursday, October 12th. ValuEngine downgraded Saia from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Morgan Stanley raised their target price on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Seaport Global Securities restated a “buy” rating on shares of Saia in a research report on Tuesday, December 5th. Finally, 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. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $56.00.

Saia (NASDAQ SAIA) traded up $0.10 during midday trading on Friday, hitting $75.85. The stock had a trading volume of 152,326 shares, compared to its average volume of 146,259. The stock has a market capitalization of $1,930.90, a P/E ratio of 36.64 and a beta of 0.90. Saia has a 1-year low of $41.28 and a 1-year high of $77.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.09 and a current ratio of 1.09.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $350.06 million during the quarter, compared to analysts’ expectations of $344.46 million. Saia had a net margin of 4.05% and a return on equity of 10.61%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. research analysts forecast that Saia will post 2.19 EPS for the current fiscal year.

In related news, VP Raymond R. Ramu sold 7,293 shares of Saia stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $474,045.00. Following the transaction, the vice president now owns 20,996 shares in the company, valued at $1,364,740. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Richard D. Odell sold 40,700 shares of Saia stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total value of $2,626,778.00. Following the transaction, the chief executive officer now owns 48,634 shares in the company, valued at approximately $3,138,838.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,405 shares of company stock worth $3,451,982. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC lifted its position in Saia by 0.5% during the second quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock worth $3,501,000 after buying an additional 347 shares in the last quarter. Mckinley Capital Management LLC Delaware increased its stake in Saia by 1.0% during the second quarter. Mckinley Capital Management LLC Delaware now owns 40,800 shares of the transportation company’s stock worth $2,093,000 after acquiring an additional 409 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Saia by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 19,906 shares of the transportation company’s stock worth $1,021,000 after acquiring an additional 661 shares during the last quarter. Flinton Capital Management LLC increased its stake in Saia by 69.8% during the second quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock worth $127,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Saia by 68.7% during the second quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock worth $130,000 after acquiring an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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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)

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