Saia Inc. (SAIA) Trading Up 5.2%
Saia Inc. (NASDAQ:SAIA)’s share price was up 5.2% during trading on Friday . The company traded as high as $25.76 and last traded at $25.67, with a volume of 59,200 shares. The stock had previously closed at $24.41.
A number of equities analysts have commented on SAIA shares. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Cowen and Company reaffirmed a “market perform” rating and set a $32.00 price target (up from $29.00) on shares of Saia in a research note on Thursday, April 28th. Finally, Stifel Nicolaus dropped their price target 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Saia has a consensus rating of “Hold” and a consensus price target of $29.40.
The company has a market capitalization of $643.06 million and a P/E ratio of 12.30. The firm’s 50 day moving average price is $25.43 and its 200 day moving average price is $25.46.
Saia (NASDAQ:SAIA) last issued its earnings results 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 business earned $290 million during the quarter, compared to analyst estimates of $285.97 million. Saia’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Equities research analysts forecast that Saia Inc. will post $1.96 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Royce & Associates LLC raised its stake in shares of 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. raised its stake in shares of 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 raised its stake in shares of 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, California State Teachers Retirement System raised its stake in shares of 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 through its wholly owned subsidiaries 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 serves a variety of customers by offering regional and interregional LTL, truckload, guaranteed, expedited and logistics services.
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