Saia, Inc. (NASDAQ:SAIA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Saia, Inc. (NASDAQ:SAIA) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $497.22.

Several research analysts have commented on the stock. UBS Group lowered their price target on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a report on Monday, April 29th. Bank of America dropped their target price on Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a report on Monday, April 29th. TD Cowen decreased their price target on Saia from $528.00 to $473.00 and set a “hold” rating for the company in a report on Monday, April 29th. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Benchmark boosted their target price on Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st.

Insider Buying and Selling at Saia

In related news, Director John P. Gainor, Jr. purchased 500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the purchase, the director now directly owns 900 shares of the company’s stock, valued at $366,300. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Saia by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock worth $1,465,488,000 after purchasing an additional 15,605 shares during the period. Capital Research Global Investors grew its holdings in Saia by 16.2% during the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after acquiring an additional 149,074 shares during the period. Artisan Partners Limited Partnership raised its position in Saia by 1.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock worth $358,206,000 after acquiring an additional 15,317 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Saia by 3.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company’s stock valued at $314,215,000 after acquiring an additional 26,798 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after purchasing an additional 45,155 shares in the last quarter.

Saia Trading Down 0.6 %

Shares of SAIA stock opened at $377.26 on Friday. The stock has a market capitalization of $10.03 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. Saia has a fifty-two week low of $266.91 and a fifty-two week high of $628.34. The company has a 50 day moving average price of $506.12 and a 200 day moving average price of $481.71.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The company had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same quarter last year, the company earned $2.85 EPS. Saia’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities research analysts predict that Saia will post 15.25 EPS for the current fiscal year.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.