Saia (SAIA) Stock Rating Lowered by BidaskClub

Saia (NASDAQ:SAIA) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other brokerages have also recently weighed in on SAIA. Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, January 2nd. Morgan Stanley raised their price objective on Saia from $35.00 to $50.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. Stephens restated a “neutral” rating on shares of Saia in a report on Friday, February 2nd. Cowen raised their price objective on Saia from $61.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus raised their price objective on Saia from $60.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $72.40.

How to Become a New Pot Stock Millionaire

SAIA opened at $72.00 on Friday. Saia has a 1 year low of $41.28 and a 1 year high of $80.25. The stock has a market capitalization of $1,848.67, a price-to-earnings ratio of 32.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.22.

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

In related news, CEO Richard D. Odell sold 53,171 shares of Saia stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $74.02, for a total transaction of $3,935,717.42. Following the completion of the transaction, the chief executive officer now owns 12,972 shares in the company, valued at $960,187.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bjorn E. Olsson sold 3,000 shares of Saia stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $73.51, for a total value of $220,530.00. The disclosure for this sale can be found here. Insiders sold a total of 86,109 shares of company stock valued at $6,365,332 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of SAIA. New York State Common Retirement Fund grew its holdings in 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 worth $2,662,000 after purchasing an additional 15,193 shares during the period. Bank of New York Mellon Corp grew its holdings in Saia by 10.5% during the third quarter. Bank of New York Mellon Corp now owns 345,510 shares of the transportation company’s stock worth $21,647,000 after purchasing an additional 32,939 shares during the period. SG Americas Securities LLC bought a new position in Saia during the third quarter worth about $179,000. Ameriprise Financial Inc. grew its holdings in Saia by 15.9% during the third quarter. Ameriprise Financial Inc. now owns 255,708 shares of the transportation company’s stock worth $16,021,000 after purchasing an additional 35,141 shares during the period. Finally, American International Group Inc. grew its holdings in Saia by 5.7% during the third quarter. American International Group Inc. now owns 20,063 shares of the transportation company’s stock worth $1,257,000 after purchasing an additional 1,089 shares during the period. Institutional investors and hedge funds own 99.64% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3342309/saia-saia-stock-rating-lowered-by-bidaskclub.html.

About Saia

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)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Financial Analysis: Wolters Kluwer  & Thomson Reuters
Financial Analysis: Wolters Kluwer & Thomson Reuters
Head-To-Head Analysis: National CineMedia  vs. Naspers
Head-To-Head Analysis: National CineMedia vs. Naspers
The Children’s Place  & Its Peers Head-To-Head Analysis
The Children’s Place & Its Peers Head-To-Head Analysis
American Homes 4 Rent  Expected to Post Quarterly Sales of $251.71 Million
American Homes 4 Rent Expected to Post Quarterly Sales of $251.71 Million
Entegris  Expected to Post Quarterly Sales of $360.36 Million
Entegris Expected to Post Quarterly Sales of $360.36 Million
Dinastycoin Price Reaches $0.0005
Dinastycoin Price Reaches $0.0005


Leave a Reply

© 2006-2018 Ticker Report. Google+.