Saia (NASDAQ:SAIA) had its price target upped by Morgan Stanley from $57.00 to $59.00 in a research report sent to investors on Tuesday morning. The firm currently has a sell rating on the transportation company’s stock.
Several other equities analysts have also recently commented on SAIA. Stifel Nicolaus cut Saia to a hold rating in a research note on Monday, June 18th. They noted that the move was a valuation call. BidaskClub cut Saia from a buy rating to a hold rating in a research note on Friday, July 6th. Cowen raised their price objective on Saia from $80.00 to $84.00 and gave the stock a market perform rating in a research note on Thursday, August 2nd. Zacks Investment Research cut Saia from a buy rating to a hold rating in a research note on Saturday, August 4th. Finally, Deutsche Bank assumed coverage on Saia in a research note on Tuesday, September 4th. They set a hold rating and a $77.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $79.00.
Saia stock opened at $63.95 on Tuesday. The company has a market cap of $1.96 billion, a PE ratio of 29.20 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.13 and a quick ratio of 1.13. Saia has a 52 week low of $55.16 and a 52 week high of $87.05.
Saia (NASDAQ:SAIA) last released its earnings results on Wednesday, August 1st. The transportation company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The company had revenue of $428.73 million during the quarter, compared to analysts’ expectations of $416.95 million. Saia had a return on equity of 13.38% and a net margin of 7.45%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. As a group, analysts forecast that Saia will post 3.86 earnings per share for the current year.
In related news, Director Jeffrey C. Ward sold 1,000 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $76.01, for a total transaction of $76,010.00. Following the transaction, the director now directly owns 8,279 shares in the company, valued at $629,286.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. United Capital Management of KS Inc. acquired a new stake in Saia in the third quarter worth $235,000. Northern Trust Corp increased its position in Saia by 5.5% in the second quarter. Northern Trust Corp now owns 822,188 shares of the transportation company’s stock worth $66,474,000 after buying an additional 43,050 shares during the period. Moody Aldrich Partners LLC increased its position in Saia by 243.7% in the second quarter. Moody Aldrich Partners LLC now owns 36,128 shares of the transportation company’s stock worth $2,921,000 after buying an additional 25,617 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Saia by 9.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 8,246 shares of the transportation company’s stock worth $667,000 after buying an additional 679 shares during the period. Finally, Raymond James & Associates increased its position in Saia by 119.2% in the second quarter. Raymond James & Associates now owns 8,763 shares of the transportation company’s stock worth $708,000 after buying an additional 4,765 shares during the period. 99.39% of the stock is currently owned by hedge funds and other institutional investors.
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.
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