Brokerages Set Saia Inc. (SAIA) PT at $28.50
Saia Inc. (NASDAQ:SAIA) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $28.50.
SAIA has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Saia from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. TheStreet raised Saia from a “hold” rating to a “buy” rating in a research note on Friday, August 26th. Finally, Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. They noted that the move was a valuation call.
Shares of Saia (NASDAQ:SAIA) opened at 41.75 on Monday. The stock has a 50 day moving average of $35.55 and a 200-day moving average of $29.64. Saia has a 52 week low of $18.28 and a 52 week high of $42.90. The firm has a market capitalization of $1.05 billion, a PE ratio of 21.74 and a beta of 0.57.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. The business had revenue of $316 million for the quarter, compared to the consensus estimate of $310.27 million. Saia had a net margin of 4.07% and a return on equity of 10.74%. Saia’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Equities analysts anticipate that Saia will post $1.90 earnings per share for the current fiscal year.
In other news, insider Raymond R. Ramu sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were 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 of the company’s stock, valued at approximately $404,817.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mark H. Robinson sold 9,783 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $34.52, for a total transaction of $337,709.16. Following the transaction, the vice president now directly owns 6,818 shares of the company’s stock, valued at $235,357.36. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Credit Suisse AG boosted its position in shares of Saia by 33.8% in the third quarter. Credit Suisse AG now owns 48,009 shares of the company’s stock valued at $1,438,000 after buying an additional 12,117 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in shares of Saia by 25.9% in the third quarter. Penn Capital Management Co. Inc. now owns 265,307 shares of the company’s stock valued at $7,949,000 after buying an additional 54,508 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Saia during the third quarter valued at $365,000. Chartwell Investment Partners LLC boosted its position in shares of Saia by 32.4% in the third quarter. Chartwell Investment Partners LLC now owns 328,320 shares of the company’s stock valued at $9,836,000 after buying an additional 80,270 shares in the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in shares of Saia during the third quarter valued at $8,784,000. 97.72% of the stock is owned by institutional investors.
Saia Company Profile
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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