Saia, Inc. (NASDAQ:SAIA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $514.88.

Several equities analysts recently issued reports on the stock. Stephens lifted their price target on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Barclays lifted their target price on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI decreased their price target on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and dropped their price target for the company from $440.00 to $437.00 in a report on Monday, October 21st. Finally, TD Cowen boosted their price objective on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Paladin Wealth LLC acquired a new position in shares of Saia during the 3rd quarter worth about $40,000. Quarry LP acquired a new position in Saia during the second quarter valued at approximately $41,000. International Assets Investment Management LLC bought a new stake in Saia in the second quarter valued at approximately $42,000. Tobam acquired a new stake in Saia in the third quarter worth $100,000. Finally, Blue Trust Inc. raised its holdings in Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after purchasing an additional 217 shares during the period.

Saia Trading Down 0.2 %

Shares of SAIA opened at $475.31 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $12.64 billion, a PE ratio of 33.95, a PEG ratio of 2.96 and a beta of 1.74. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The stock has a 50 day simple moving average of $511.92 and a 200-day simple moving average of $459.51.

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

About Saia

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.