Saia, Inc. (NASDAQ:SAIA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $514.88.

Several research analysts have weighed in on SAIA shares. Evercore ISI decreased their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. BMO Capital Markets lifted their target price on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and lowered their price objective for the company from $440.00 to $437.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Susquehanna raised their price target on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Saia

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Saia by 7.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,902 shares of the transportation company’s stock worth $2,799,000 after acquiring an additional 425 shares during the period. International Assets Investment Management LLC acquired a new position in Saia in the 2nd quarter valued at about $42,000. Commonwealth Equity Services LLC increased its position in shares of Saia by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,390 shares of the transportation company’s stock worth $1,134,000 after purchasing an additional 69 shares during the last quarter. Van ECK Associates Corp increased its holdings in Saia by 18.2% in the 2nd quarter. Van ECK Associates Corp now owns 12,368 shares of the transportation company’s stock valued at $5,866,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Saia by 1,666.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 583 shares of the transportation company’s stock valued at $275,000 after buying an additional 550 shares during the period.

Saia Stock Down 2.3 %

NASDAQ:SAIA opened at $445.33 on Friday. The firm has a market cap of $11.84 billion, a P/E ratio of 31.81, a P/E/G ratio of 2.96 and a beta of 1.74. Saia has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50-day simple moving average of $514.65 and a two-hundred day simple moving average of $459.46.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter last year, the company earned $3.67 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts predict that Saia will post 13.51 earnings per share for the current fiscal year.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.