Saia Inc. (SAIA) Shares Down 2.2%
Shares of Saia Inc. (NASDAQ:SAIA) traded down 2.2% during mid-day trading on Thursday . The stock traded as low as $26.48 and last traded at $26.57, with a volume of 63,724 shares. The stock had previously closed at $27.16.
Several analysts recently issued reports on the company. Stifel Nicolaus cut their price target on Saia from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, June 1st. Zacks Investment Research downgraded Saia from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. Finally, Cowen and Company reissued a “market perform” rating and issued a $32.00 price target (up previously from $29.00) on shares of Saia in a report on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.40.
The stock has a market cap of $655.31 million and a P/E ratio of 12.54. The company has a 50 day moving average price of $25.57 and a 200-day moving average price of $25.56.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The firm earned $290 million during the quarter, compared to the consensus estimate of $285.97 million. Saia’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, analysts forecast that Saia Inc. will post $1.95 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in SAIA. Century Capital Management LLC boosted its stake in Saia by 16.1% in the fourth quarter. Century Capital Management LLC now owns 456,187 shares of the company’s stock worth $10,150,000 after buying an additional 63,302 shares in the last quarter. Royce & Associates LLC boosted its stake in Saia by 61.4% in the fourth quarter. Royce & Associates LLC now owns 2,668,995 shares of the company’s stock worth $59,385,000 after buying an additional 1,015,340 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Saia by 43.7% in the fourth quarter. OppenheimerFunds Inc. now owns 450,394 shares of the company’s stock worth $10,021,000 after buying an additional 137,031 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Saia by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 46,488 shares of the company’s stock worth $1,034,000 after buying an additional 764 shares in the last quarter.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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