Saia Inc (NASDAQ:SAIA) Receives Average Recommendation of “Buy” from Brokerages

Shares of Saia Inc (NASDAQ:SAIA) have received an average rating of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $77.90.

Several brokerages recently commented on SAIA. Buckingham Research upped their price target on shares of Saia from $76.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their target price 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. Cowen restated a “hold” rating and issued a $70.00 target price on shares of Saia in a research note on Thursday, May 2nd. Seaport Global Securities upgraded shares of Saia from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Stephens upgraded shares of Saia from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $96.00 in a research note on Thursday, August 1st.

In other Saia news, VP Paul C. Peck sold 6,240 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $78.00, for a total value of $486,720.00. Following the transaction, the vice president now directly owns 7,368 shares in the company, valued at approximately $574,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its position in shares of Saia by 83.0% in the 1st quarter. Parallel Advisors LLC now owns 1,468 shares of the transportation company’s stock worth $90,000 after purchasing an additional 666 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Saia in the 2nd quarter worth approximately $145,000. Bank of Montreal Can lifted its position in shares of Saia by 238.4% in the 2nd 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. WINTON GROUP Ltd purchased a new stake in shares of Saia in the 2nd quarter worth approximately $207,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Saia in the 1st quarter worth approximately $210,000.

NASDAQ:SAIA traded down $0.93 during mid-day trading on Friday, hitting $79.93. 232,260 shares of the stock traded hands, compared to its average volume of 245,643. The stock has a market cap of $2.00 billion, a PE ratio of 20.03 and a beta of 1.13. Saia has a 52 week low of $52.04 and a 52 week high of $83.75. The stock has a 50 day moving average price of $67.18. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.21.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.32 by $0.08. The company had revenue of $464.00 million for the quarter, compared to the consensus estimate of $449.42 million. Saia had a net margin of 6.61% and a return on equity of 15.90%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 EPS. Research analysts predict that Saia will post 4.57 EPS for the current fiscal year.

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: Dead Cat Bounce

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.