Saia, Inc. (SAIA) Receives $50.33 Average Price Target from Brokerages
Saia, Inc. (NASDAQ:SAIA) has received a consensus recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $50.33.
A number of equities research analysts have weighed in on the company. ValuEngine downgraded Saia from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub downgraded Saia from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Cowen and Company lifted their price objective on Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 price objective (up from $44.00) on shares of Saia in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th.
In other news, CEO Richard D. Odell sold 40,700 shares of Saia stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $64.54, for a total value of $2,626,778.00. Following the completion of the transaction, the chief executive officer now owns 48,634 shares in the company, valued at $3,138,838.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie Maschmeier sold 4,090 shares of Saia stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total transaction of $265,850.00. Following the completion of the transaction, the insider now owns 7,316 shares of the company’s stock, valued at approximately $475,540. The disclosure for this sale can be found here. Insiders sold 65,023 shares of company stock valued at $4,108,329 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. First Trust Advisors LP bought a new position in Saia in the 2nd quarter worth approximately $1,924,000. Virginia Retirement Systems ET AL raised its position in Saia by 242.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the transportation company’s stock worth $1,318,000 after purchasing an additional 18,200 shares during the last quarter. Turner Investments LLC bought a new position in Saia in the 2nd quarter worth approximately $359,000. American Century Companies Inc. raised its position in Saia by 8.8% in the 2nd quarter. American Century Companies Inc. now owns 126,140 shares of the transportation company’s stock worth $6,471,000 after purchasing an additional 10,180 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Saia by 9.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after purchasing an additional 78,252 shares during the last quarter. Institutional investors own 98.77% of the company’s stock.
Saia (SAIA) traded down $0.55 during midday trading on Thursday, reaching $60.90. The company’s stock had a trading volume of 99,835 shares, compared to its average volume of 165,308. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1,552.36, a P/E ratio of 29.42 and a beta of 0.93. Saia has a 12 month low of $40.65 and a 12 month high of $67.35.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $350.06 million for the quarter, compared to analyst estimates of $344.46 million. Saia had a net margin of 4.05% and a return on equity of 10.61%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. equities analysts expect that Saia will post 2.16 EPS for the current year.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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