Saia Inc. (SAIA) Trading 3% Higher
Shares of Saia Inc. (NASDAQ:SAIA) traded up 3% on Friday . The stock traded as high as $25.53 and last traded at $25.50, with a volume of 73,544 shares traded. The stock had previously closed at $24.76.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Saia from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 5th. Stifel Nicolaus cut their target price on Saia from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. Finally, Cowen and Company reiterated a “market perform” rating and set a $32.00 target price (up from $29.00) on shares of Saia in a research note 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 given a strong buy rating to the company’s stock. Saia has an average rating of “Hold” and a consensus target price of $29.40.
The firm’s 50-day moving average is $25.52 and its 200-day moving average is $25.69. The stock has a market cap of $645.56 million and a PE ratio of 12.35.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The company had revenue of $290 million for the quarter, compared to the consensus estimate of $285.97 million. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. Equities analysts predict that Saia Inc. will post $1.90 earnings per share for the current fiscal year.
Other hedge funds recently bought and sold shares of the company. 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 in 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 in the last quarter. 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 in the last quarter. Finally, 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 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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