Saia Inc. (NASDAQ:SAIA) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $28.50.
Several research firms have commented on SAIA. Cowen and Company boosted their target price on Saia from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. TheStreet upgraded Saia from a “hold” rating to a “buy” rating in a research note on Friday, August 26th. Finally, Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. They noted that the move was a valuation call.
Shares of Saia (NASDAQ:SAIA) opened at 30.49 on Monday. The firm has a market cap of $763.38 million, a P/E ratio of 16.58 and a beta of 1.04. The stock has a 50 day moving average of $30.10 and a 200 day moving average of $27.56. Saia has a 52 week low of $18.28 and a 52 week high of $33.96.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Saia had a net margin of 3.90% and a return on equity of 10.61%. The business had revenue of $312 million for the quarter, compared to the consensus estimate of $309.75 million. During the same quarter last year, the firm earned $0.75 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts forecast that Saia will post $1.85 earnings per share for the current year.
In other news, VP Mark H. Robinson sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $28.55, for a total transaction of $71,375.00. Following the sale, the vice president now owns 16,602 shares in the company, valued at approximately $473,987.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in Saia during the second quarter worth $27,729,000. Victory Capital Management Inc. raised its position in Saia by 106.4% in the second quarter. Victory Capital Management Inc. now owns 590,539 shares of the company’s stock worth $14,846,000 after buying an additional 304,491 shares during the last quarter. Chartwell Investment Partners LLC acquired a new position in Saia during the second quarter worth $6,236,000. Penn Capital Management Co. Inc. acquired a new position in Saia during the second quarter worth $5,299,000. Finally, Alliancebernstein L.P. raised its position in Saia by 23.9% in the second quarter. Alliancebernstein L.P. now owns 871,200 shares of the company’s stock worth $21,902,000 after buying an additional 168,030 shares during the last quarter. Institutional investors own 97.75% of the company’s stock.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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