Saia (SAIA) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Saia (NASDAQ:SAIA) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Saia from a buy rating to a hold rating in a research note on Friday, October 5th. BidaskClub lowered Saia from a sell rating to a strong sell rating in a research note on Tuesday, October 9th. Morgan Stanley upped their price target on Saia from $57.00 to $59.00 and gave the company a sell rating in a research note on Tuesday, October 9th. Cowen upped their price target on Saia from $80.00 to $84.00 and gave the company a market perform rating in a research note on Thursday, August 2nd. Finally, Buckingham Research cut their price target on Saia from $93.00 to $88.00 and set a buy rating on the stock in a research note on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Saia has a consensus rating of Hold and an average target price of $75.88.

Shares of SAIA stock opened at $63.78 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.64 billion, a PE ratio of 29.12 and a beta of 1.01. Saia has a 52 week low of $56.16 and a 52 week high of $87.05.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. Saia had a return on equity of 14.85% and a net margin of 7.96%. The business had revenue of $425.60 million for the quarter, compared to analyst estimates of $417.70 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, equities analysts predict that Saia will post 3.87 EPS for the current year.

In other news, Director Jeffrey C. Ward sold 1,000 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $76.01, for a total transaction of $76,010.00. Following the transaction, the director now owns 8,279 shares of the company’s stock, valued at $629,286.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SAIA. Parallel Advisors LLC lifted its stake in Saia by 1,043.2% in the third quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,450 shares during the period. Keybank National Association OH acquired a new position in Saia in the second quarter valued at about $210,000. United Capital Management of KS Inc. acquired a new position in Saia in the third quarter valued at about $235,000. Xact Kapitalforvaltning AB acquired a new position in Saia in the first quarter valued at about $267,000. Finally, GSA Capital Partners LLP acquired a new position in Saia in the second quarter valued at about $347,000. 99.39% of the stock is currently owned by hedge funds and other institutional investors.

About Saia

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.

Recommended Story: Book Value Per Share – BVPS

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Leave a Reply