Saia (SAIA) Stock Rating Upgraded by BidaskClub

Share on StockTwits

Saia (NASDAQ:SAIA) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Wednesday.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Saia from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. KeyCorp cut their target price on Saia from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, January 3rd. ValuEngine downgraded Saia from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. SunTrust Banks began coverage on Saia in a research note on Wednesday, December 12th. They set a “buy” rating and a $70.00 target price for the company. Finally, Stifel Nicolaus set a $73.00 target price on Saia and gave the stock a “hold” rating in a research note on Thursday, November 1st. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $72.60.

Shares of SAIA stock opened at $59.97 on Wednesday. The company has a market cap of $1.57 billion, a PE ratio of 27.38 and a beta of 1.00. Saia has a 12-month low of $52.04 and a 12-month high of $87.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.15.

Saia (NASDAQ:SAIA) last issued its earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $425.60 million during the quarter, compared to the consensus estimate of $417.70 million. Saia had a return on equity of 14.85% and a net margin of 7.96%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. On average, equities research analysts expect that Saia will post 3.89 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Saia by 3.2% during the 3rd quarter. BlackRock Inc. now owns 3,674,683 shares of the transportation company’s stock valued at $280,930,000 after buying an additional 112,912 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Saia by 29.8% during the third quarter. Vanguard Group Inc. now owns 2,577,696 shares of the transportation company’s stock worth $197,065,000 after purchasing an additional 592,115 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Saia by 29.8% during the third quarter. Vanguard Group Inc now owns 2,577,696 shares of the transportation company’s stock worth $197,065,000 after purchasing an additional 592,115 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Saia by 26.1% during the third quarter. Alliancebernstein L.P. now owns 1,231,032 shares of the transportation company’s stock worth $94,112,000 after purchasing an additional 254,610 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Saia by 22.6% during the third quarter. Wells Fargo & Company MN now owns 837,939 shares of the transportation company’s stock worth $64,060,000 after purchasing an additional 154,668 shares during the last quarter.

Saia Company Profile

Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

Further Reading: Google Finance

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

FuzzBalls  Price Hits $0.0018 on Exchanges
FuzzBalls Price Hits $0.0018 on Exchanges
Zeitcoin Achieves Market Cap of $389,704.00
Zeitcoin Achieves Market Cap of $389,704.00
EquiTrader Reaches 24 Hour Volume of $0.00
EquiTrader Reaches 24 Hour Volume of $0.00
Zacks: Analysts Expect Simply Good Foods Co  Will Post Quarterly Sales of $123.20 Million
Zacks: Analysts Expect Simply Good Foods Co Will Post Quarterly Sales of $123.20 Million
Brokerages Expect WellCare Health Plans, Inc.  Will Post Quarterly Sales of $6.54 Billion
Brokerages Expect WellCare Health Plans, Inc. Will Post Quarterly Sales of $6.54 Billion
Keysight Technologies  Hits New 52-Week High at $86.75
Keysight Technologies Hits New 52-Week High at $86.75


© 2006-2019 Ticker Report