Brokerages Set Saia Inc. (SAIA) PT at $28.50
Shares of Saia Inc. (NASDAQ:SAIA) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $28.50.
A number of research firms have commented on SAIA. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Saia from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Finally, TheStreet raised shares of Saia from a “hold” rating to a “buy” rating in a research note on Friday, August 26th.
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In other news, CEO Richard D. Odell sold 13,000 shares of Saia stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $42.00, for a total value of $546,000.00. Following the transaction, the chief executive officer now directly owns 29,532 shares of the company’s stock, valued at $1,240,344. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond R. Ramu sold 2,900 shares of Saia stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $34.88, for a total transaction of $101,152.00. Following the completion of the transaction, the insider now directly owns 11,606 shares in the company, valued at $404,817.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Saia by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,117,060 shares of the company’s stock valued at $53,223,000 after buying an additional 157,526 shares during the period. BlackRock Fund Advisors increased its position in Saia by 8.7% in the third quarter. BlackRock Fund Advisors now owns 1,772,854 shares of the company’s stock valued at $53,115,000 after buying an additional 141,395 shares during the period. FMR LLC increased its position in Saia by 1.6% in the second quarter. FMR LLC now owns 1,237,366 shares of the company’s stock valued at $31,107,000 after buying an additional 18,900 shares during the period. Vanguard Group Inc. increased its position in Saia by 0.6% in the second quarter. Vanguard Group Inc. now owns 1,114,409 shares of the company’s stock valued at $28,016,000 after buying an additional 6,742 shares during the period. Finally, Franklin Resources Inc. purchased a new position in Saia during the second quarter valued at $27,729,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.
Saia (NASDAQ:SAIA) opened at 41.75 on Monday. Saia has a 1-year low of $18.28 and a 1-year high of $42.90. The stock has a market cap of $1.05 billion, a P/E ratio of 21.74 and a beta of 0.57. The firm’s 50-day moving average is $35.55 and its 200-day moving average is $29.64.
Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. Saia had a net margin of 4.07% and a return on equity of 10.74%. The company had revenue of $316 million for the quarter, compared to the consensus estimate of $310.27 million. During the same period in the previous year, the firm earned $0.46 EPS. Saia’s revenue was down .2% on a year-over-year basis. On average, analysts forecast that Saia will post $1.90 EPS for the current year.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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