Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $50.33.
Several analysts recently weighed in on the company. ValuEngine lowered Saia from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley lifted their price target on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Wolfe Research lowered Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Stifel Nicolaus reissued a “hold” rating and set a $53.00 price target on shares of Saia in a research note on Thursday, September 21st. Finally, Cowen and Company reissued a “hold” rating and set a $55.00 price target on shares of Saia in a research note on Thursday, October 12th.
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Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Saia by 49,565.9% during the first quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock worth $136,190,000 after acquiring an additional 3,068,128 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Saia by 4.1% during the second quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock worth $67,631,000 after acquiring an additional 51,915 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Saia by 30.3% during the third quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after acquiring an additional 224,547 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Saia by 9.6% during the second quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after acquiring an additional 78,252 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Saia by 8.3% during the second quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock worth $40,384,000 after acquiring an additional 60,162 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.
Saia (NASDAQ:SAIA) traded down $1.95 during trading hours on Thursday, reaching $60.60. The company had a trading volume of 97,700 shares, compared to its average volume of 180,328. The firm has a market capitalization of $1,594.42, a price-to-earnings ratio of 30.22 and a beta of 0.93. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Saia has a fifty-two week low of $40.65 and a fifty-two week 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 the consensus estimate of $0.56 by ($0.01). The business had revenue of $350.06 million during 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 business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. sell-side analysts anticipate that Saia will post 2.16 EPS for the current fiscal 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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