Saia Inc (SAIA) Given Average Recommendation of “Buy” by Analysts

Saia Inc (NASDAQ:SAIA) has been assigned an average rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $72.80.

Several brokerages recently issued reports on SAIA. Buckingham Research began coverage on shares of Saia in a research report on Monday. They set a “buy” rating and a $93.00 price target on the stock. BidaskClub upgraded shares of Saia from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 15th. Stifel Nicolaus upped their price objective on shares of Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, December 13th. Cowen upped their price objective on shares of Saia from $61.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Stephens restated a “neutral” rating on shares of Saia in a report on Friday, February 2nd.

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In other Saia news, VP Frederick J. Holzgrefe III sold 17,361 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $73.70, for a total value of $1,279,505.70. Following the sale, the vice president now owns 34,565 shares in the company, valued at $2,547,440.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bjorn E. Olsson sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $73.51, for a total transaction of $220,530.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,109 shares of company stock worth $6,365,332. Corporate insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SAIA. Wells Fargo & Company MN grew its holdings in shares of Saia by 68.3% during the third quarter. Wells Fargo & Company MN now owns 50,241 shares of the transportation company’s stock valued at $3,147,000 after buying an additional 20,381 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Saia during the third quarter valued at approximately $305,000. Advisor Partners LLC purchased a new stake in shares of Saia during the fourth quarter valued at approximately $210,000. New York State Common Retirement Fund grew its holdings in shares of Saia by 55.7% during the third quarter. New York State Common Retirement Fund now owns 42,493 shares of the transportation company’s stock valued at $2,662,000 after buying an additional 15,193 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Saia by 72.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock valued at $116,000 after buying an additional 685 shares during the last quarter. Institutional investors and hedge funds own 99.64% of the company’s stock.

Shares of SAIA stock traded up $0.80 during midday trading on Wednesday, hitting $74.95. 142,054 shares of the company traded hands, compared to its average volume of 230,496. Saia has a one year low of $41.28 and a one year high of $80.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $1,903.91, a PE ratio of 21.25 and a beta of 0.87.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The company had revenue of $353.20 million for the quarter, compared to analysts’ expectations of $343.26 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. Saia’s quarterly revenue was up 17.7% on a year-over-year basis. equities analysts anticipate that Saia will post 3.71 EPS for the current year.

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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.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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