Recent Research Analysts’ Ratings Changes for Saia (SAIA)

A number of research firms have changed their ratings and price targets for Saia (NASDAQ: SAIA):

  • 5/8/2019 – Saia was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/2/2019 – Saia was given a new $71.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 5/2/2019 – Saia had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $70.00 price target on the stock.
  • 5/1/2019 – Saia was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/1/2019 – Saia was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating.
  • 4/24/2019 – Saia was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/23/2019 – Saia was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/11/2019 – Saia was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 4/5/2019 – Saia had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
  • 3/29/2019 – Saia was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/20/2019 – Saia was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

SAIA traded up $0.19 on Wednesday, reaching $66.29. 119,822 shares of the company’s stock were exchanged, compared to its average volume of 221,760. The company has a market cap of $1.68 billion, a PE ratio of 16.61 and a beta of 1.07. Saia Inc has a twelve month low of $52.04 and a twelve month high of $87.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.14.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.05). Saia had a net margin of 6.35% and a return on equity of 15.59%. The firm had revenue of $410.60 million during the quarter, compared to analyst estimates of $410.25 million. During the same period last year, the business earned $0.77 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Saia Inc will post 4.6 earnings per share for the current year.

In other Saia news, VP Raymond R. Ramu sold 20,760 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $69.19, for a total value of $1,436,384.40. Following the sale, the vice president now directly owns 33,920 shares in the company, valued at $2,346,924.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Maschmeier sold 9,053 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $69.23, for a total value of $626,739.19. Following the completion of the sale, the insider now owns 10,663 shares in the company, valued at $738,199.49. The disclosure for this sale can be found here. Insiders have sold 31,078 shares of company stock worth $2,149,144 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of SAIA. Resources Investment Advisors Inc. bought a new position in Saia during the 4th quarter worth $36,000. NumerixS Investment Technologies Inc purchased a new position in shares of Saia in the 1st quarter worth approximately $50,000. Cresset Asset Management LLC purchased a new position in shares of Saia in the 1st quarter worth approximately $52,000. PNC Financial Services Group Inc. boosted its stake in shares of Saia by 42.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,137 shares of the transportation company’s stock worth $69,000 after buying an additional 341 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake 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 buying an additional 666 shares during the last quarter.

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.

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