Saia Inc. (SAIA) Shares Up 3.5%
Saia Inc. (NASDAQ:SAIA) shot up 3.5% on Thursday . The stock traded as high as $26.79 and last traded at $26.73, with a volume of 338,605 shares traded. The stock had previously closed at $25.82.
Several research firms have recently weighed in on SAIA. Cowen and Company reissued a “market perform” rating and set a $32.00 price objective (up from $29.00) on shares of Saia in a research note on Thursday, April 28th. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a research report on Friday, April 29th. Finally, Stifel Nicolaus decreased their target price on Saia from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Saia presently has an average rating of “Hold” and an average price target of $29.40.
The company has a 50-day moving average price of $25.49 and a 200-day moving average price of $25.83. The firm has a market cap of $668.57 million and a price-to-earnings ratio of 12.79.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, July 29th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $312 million for the quarter, compared to analyst estimates of $309.75 million. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Equities research analysts predict that Saia Inc. will post $1.90 EPS for the current fiscal year.
Other hedge funds have recently added to or reduced their stakes in the company. 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. 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. 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. Finally, 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.
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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