Saia (SAIA) PT Raised to $50.00

Saia (NASDAQ:SAIA) had its price target hoisted by Morgan Stanley from $35.00 to $50.00 in a research note issued on Wednesday. The brokerage currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s target price indicates a potential downside of 30.65% from the company’s current price.

Several other analysts have also issued reports on the stock. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Tuesday, January 2nd. BidaskClub raised shares of Saia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Seaport Global Securities reissued a “buy” rating on shares of Saia in a research report on Tuesday, December 5th. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Cowen increased their price objective on shares of Saia from $61.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $67.75.

Saia (SAIA) traded down $1.95 during midday trading on Wednesday, reaching $72.10. 172,800 shares of the company’s stock traded hands, compared to its average volume of 237,305. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.09. Saia has a 1 year low of $41.28 and a 1 year high of $80.25. The company has a market capitalization of $1,887.56, a price-to-earnings ratio of 20.66 and a beta of 0.85.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The firm had revenue of $353.20 million for the quarter, compared to analyst estimates of $343.26 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. sell-side analysts expect that Saia will post 3.54 EPS for the current fiscal year.

In other news, CEO Richard D. Odell sold 53,171 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $74.02, for a total value of $3,935,717.42. Following the transaction, the chief executive officer now directly owns 12,972 shares of the company’s stock, valued at $960,187.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bjorn E. Olsson sold 3,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $73.51, for a total transaction of $220,530.00. The disclosure for this sale can be found here. Insiders sold 81,709 shares of company stock worth $6,040,524 over the last three months. Insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Saia by 72.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 685 shares during the period. Meeder Asset Management Inc. increased its position in Saia by 4,376.2% during the third quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock worth $117,000 after acquiring an additional 1,838 shares during the period. Bessemer Group Inc. increased its position in Saia by 75.0% during the fourth quarter. Bessemer Group Inc. now owns 2,100 shares of the transportation company’s stock worth $149,000 after acquiring an additional 900 shares during the period. Advisor Partners LLC bought a new position in Saia during the fourth quarter worth about $210,000. Finally, SG Americas Securities LLC bought a new position in Saia during the third quarter worth about $179,000. 99.83% of the stock is currently owned by institutional investors.

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About Saia

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.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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