Saia (NASDAQ:SAIA) received a $84.00 price target from analysts at Buckingham Research in a note issued to investors on Tuesday, February 5th. The brokerage presently has a “buy” rating on the transportation company’s stock. Buckingham Research’s target price indicates a potential upside of 24.78% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the company. SunTrust Banks set a $77.00 price target on Saia and gave the stock a “buy” rating in a research note on Tuesday, February 5th. ValuEngine upgraded Saia from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub upgraded Saia from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Zacks Investment Research lowered Saia from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. Finally, KeyCorp dropped their price objective on Saia from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Saia presently has a consensus rating of “Hold” and a consensus target price of $73.68.
Shares of NASDAQ:SAIA traded up $1.16 during midday trading on Tuesday, hitting $67.32. 206,967 shares of the stock were exchanged, compared to its average volume of 285,242. The company has a market capitalization of $1.77 billion, a PE ratio of 16.87 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Saia has a twelve month low of $52.04 and a twelve month high of $87.05.
Saia (NASDAQ:SAIA) last issued its earnings results on Monday, February 4th. The transportation company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.09. Saia had a return on equity of 15.95% and a net margin of 6.35%. The firm had revenue of $406.80 million for the quarter, compared to analyst estimates of $396.82 million. During the same period last year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities analysts anticipate that Saia will post 4.66 earnings per share for the current year.
In other news, CEO Richard D. Odell sold 15,000 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $64.60, for a total transaction of $969,000.00. Following the completion of the transaction, the chief executive officer now directly owns 20,502 shares in the company, valued at approximately $1,324,429.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie Maschmeier sold 9,053 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $69.23, for a total transaction of $626,739.19. Following the transaction, the insider now directly owns 10,663 shares of the company’s stock, valued at $738,199.49. The disclosure for this sale can be found here. Insiders sold 83,493 shares of company stock worth $5,603,832 in the last ninety days. 1.10% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Saia by 1.0% in the 4th quarter. BlackRock Inc. now owns 3,711,230 shares of the transportation company’s stock valued at $207,161,000 after purchasing an additional 36,547 shares during the period. Vanguard Group Inc lifted its stake in Saia by 29.8% in the 3rd quarter. Vanguard Group Inc now owns 2,577,696 shares of the transportation company’s stock worth $197,065,000 after acquiring an additional 592,115 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Saia by 29.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,577,696 shares of the transportation company’s stock worth $197,065,000 after purchasing an additional 592,115 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Saia by 26.1% during the 3rd quarter. Alliancebernstein L.P. now owns 1,231,032 shares of the transportation company’s stock worth $94,112,000 after purchasing an additional 254,610 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Saia by 0.6% during the 4th quarter. Jennison Associates LLC now owns 1,083,062 shares of the transportation company’s stock worth $60,457,000 after purchasing an additional 5,925 shares in 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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