Saia Lowered to Hold at Stifel Nicolaus (SAIA)
“Saia’s management team has done an excellent job, in our opinion, navigating difficult LTL waters over the past five years, and we believe the stock price finally reflects the company’s improved operations. In addition, we do not believe industry volumes will rise much this year – still anticipating only 1%-2% freight growth – so increased density is likely only to be shown seasonally (2Q13 the likely peak), lessening the chance of significant near-term outperformance, in our view.,” Stifel Nicolaus’ analyst wrote.
Shares of Saia traded up 0.59% during mid-day trading on Friday, hitting $32.35. Saia has a one year low of $15.41 and a one year high of $32.31. The stock’s 50-day moving average is currently $27.12. The company has a market cap of $514.6 million and a P/E ratio of 16.58.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.