Saia Inc. (SAIA) Stock Price Up 3%
Saia Inc. (NASDAQ:SAIA) rose 3% on Friday . The stock traded as high as $25.53 and last traded at $25.50, with a volume of 73,544 shares. The stock had previously closed at $24.76.
SAIA has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Cowen and Company reiterated a “market perform” rating and set a $32.00 target price (up previously from $29.00) on shares of Saia in a research note on Thursday, April 28th. Finally, Stifel Nicolaus decreased their target price on shares of Saia from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.40.
The company’s 50 day moving average price is $25.51 and its 200 day moving average price is $25.66. The stock has a market capitalization of $645.56 million and a PE ratio of 12.35.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The firm earned $290 million during the quarter, compared to analyst estimates of $285.97 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts forecast that Saia Inc. will post $1.90 EPS for the current year.
Several large investors recently added to or reduced their stakes in the company. OppenheimerFunds Inc. increased its stake in Saia by 43.7% in the fourth quarter. OppenheimerFunds Inc. now owns 450,394 shares of the company’s stock valued at $10,021,000 after buying an additional 137,031 shares during the last quarter. California State Teachers Retirement System increased 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 valued at $1,034,000 after buying an additional 764 shares during the last quarter. Royce & Associates LLC increased 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 valued at $59,385,000 after buying an additional 1,015,340 shares during the last quarter. Finally, Century Capital Management LLC increased 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 valued at $10,150,000 after buying an additional 63,302 shares during 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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