ValuEngine upgraded shares of Saia (NASDAQ:SAIA) from a sell rating to a hold rating in a report released on Thursday morning.
A number of other research analysts also recently commented on SAIA. BidaskClub downgraded shares of Saia from a buy rating to a hold rating in a research note on Friday, July 6th. Cowen increased their target price on shares of Saia from $80.00 to $84.00 and gave the stock a market perform rating in a research report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Saia from a buy rating to a hold rating in a research report on Saturday, August 4th. Deutsche Bank initiated coverage on shares of Saia in a research report on Tuesday, September 4th. They set a hold rating and a $77.00 target price for the company. Finally, Morgan Stanley increased their target price on shares of Saia from $57.00 to $59.00 and gave the stock a sell rating in a research report on Tuesday, October 9th. 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 stock. Saia has an average rating of Hold and an average target price of $75.88.
Shares of NASDAQ SAIA traded down $0.47 on Thursday, reaching $63.73. 12,588 shares of the company traded hands, compared to its average volume of 239,886. Saia has a fifty-two week low of $56.16 and a fifty-two week high of $87.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $1.49 billion, a P/E ratio of 29.26 and a beta of 0.80.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Wednesday, October 31st. The transportation company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. Saia had a net margin of 7.45% and a return on equity of 13.38%. The company had revenue of $425.60 million during the quarter, compared to the consensus estimate of $417.70 million. During the same quarter in the prior year, the company posted $0.55 EPS. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia will post 3.86 EPS for the current year.
In related news, Director Jeffrey C. Ward sold 1,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $76.01, for a total transaction of $76,010.00. Following the completion of the sale, the director now owns 8,279 shares of the company’s stock, valued at approximately $629,286.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC grew its position 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 acquiring an additional 1,450 shares in the last quarter. Keybank National Association OH acquired a new stake in Saia in the second quarter valued at approximately $210,000. United Capital Management of KS Inc. acquired a new stake in Saia in the third quarter valued at approximately $235,000. Xact Kapitalforvaltning AB acquired a new stake in Saia in the first quarter valued at approximately $267,000. Finally, GSA Capital Partners LLP acquired a new stake in Saia in the second quarter valued at approximately $347,000. 99.39% of the stock is owned by hedge funds and other institutional investors.
Saia Company Profile
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.
Read More: NASDAQ Stock Market Explained
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.