Analysts Set Saia Inc (NASDAQ:SAIA) Target Price at $87.09

Saia Inc (NASDAQ:SAIA) has received an average recommendation of “Buy” from the fourteen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $87.09.

A number of analysts have recently commented on SAIA shares. Stephens upgraded shares of Saia from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $96.00 in a research note on Thursday, August 1st. Cowen lifted their price target on shares of Saia from $81.00 to $90.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price target on shares of Saia from $66.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Buckingham Research lifted their price target on shares of Saia from $76.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Shares of SAIA stock traded down $0.46 during trading hours on Monday, reaching $98.65. The company had a trading volume of 197,300 shares, compared to its average volume of 236,230. The business has a fifty day moving average price of $96.20 and a 200-day moving average price of $77.79. Saia has a one year low of $52.04 and a one year high of $107.00. The firm has a market cap of $2.58 billion, a PE ratio of 24.72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Saia had a return on equity of 15.89% and a net margin of 6.72%. The company had revenue of $468.90 million during the quarter, compared to the consensus estimate of $464.97 million. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Equities research analysts forecast that Saia will post 4.39 EPS for the current year.

In related news, Director John J. Holland sold 1,027 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $87.83, for a total transaction of $90,201.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Odell sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $92.67, for a total transaction of $1,482,720.00. Following the sale, the chief executive officer now owns 49,551 shares of the company’s stock, valued at $4,591,891.17. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. bought a new position in shares of Saia in the second quarter worth approximately $70,000. Strs Ohio bought a new position in shares of Saia in the third quarter worth approximately $121,000. Simplex Trading LLC bought a new position in shares of Saia in the third quarter worth approximately $142,000. SG Americas Securities LLC bought a new position in shares of Saia in the second quarter worth approximately $145,000. Finally, Bank of Montreal Can boosted its position in shares of Saia by 238.4% in the second quarter. Bank of Montreal Can now owns 3,076 shares of the transportation company’s stock worth $199,000 after purchasing an additional 2,167 shares during the period.

Saia Company Profile

Saia, Inc, through its 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; and other value-added services, including non-asset truckload, expedited, and logistics services.

Featured Story: Risk Tolerance

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.