Saia Inc. (SAIA) Stock Price Down 2.4%
Shares of Saia Inc. (NASDAQ:SAIA) fell 2.4% during mid-day trading on Thursday . The company traded as low as $24.62 and last traded at $24.68, with a volume of 85,410 shares. The stock had previously closed at $25.29.
A number of brokerages have issued reports on SAIA. Zacks Investment Research downgraded 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 issued a $32.00 target price (up from $29.00) on shares of Saia in a research note on Thursday, April 28th. Finally, Stifel Nicolaus cut their target price on 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 given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $29.40.
The firm has a 50 day moving average of $25.55 and a 200 day moving average of $25.67. The firm has a market cap of $619.30 million and a price-to-earnings ratio of 11.85.
Saia (NASDAQ:SAIA) last released its earnings results on Wednesday, April 27th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business earned $290 million during the quarter, compared to analyst estimates of $285.97 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Saia Inc. will post $1.90 earnings per share for the current fiscal year.
A number of institutional investors have added to or reduced their stakes in the stock. California State Teachers Retirement System raised its position 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. OppenheimerFunds Inc. raised its position 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. Royce & Associates LLC raised its position 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 raised its position 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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