Saia Inc (NASDAQ:SAIA) Receives Average Rating of “Buy” from Analysts

Saia Inc (NASDAQ:SAIA) has been given a consensus recommendation of “Buy” by the fifteen analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $85.08.

Several research analysts have recently issued reports on the company. Stephens raised Saia from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $96.00 in a research note on Thursday, August 1st. Wolfe Research set a $111.00 price target on Saia and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Stifel Nicolaus lifted their price target on Saia from $66.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Buckingham Research lifted their price objective on Saia from $76.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, ValuEngine upgraded Saia from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

In other Saia news, VP Paul C. Peck sold 6,240 shares of Saia stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $78.00, for a total value of $486,720.00. Following the completion of the sale, the vice president now owns 7,368 shares in the company, valued at approximately $574,704. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Odell sold 16,000 shares of Saia stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $92.67, for a total value of $1,482,720.00. Following the completion of the sale, the chief executive officer now owns 49,551 shares of the company’s stock, valued at approximately $4,591,891.17. The disclosure for this sale can be found here. Insiders sold a total of 23,267 shares of company stock valued at $2,059,641 in the last 90 days. 1.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its holdings in Saia by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,951 shares of the transportation company’s stock valued at $608,000 after buying an additional 180 shares during the period. Virginia Retirement Systems ET AL grew its holdings in shares of Saia by 2.6% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 8,000 shares of the transportation company’s stock worth $517,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System grew its holdings in shares of Saia by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 40,161 shares of the transportation company’s stock worth $2,597,000 after purchasing an additional 292 shares during the period. Mason Street Advisors LLC grew its holdings in shares of Saia by 4.0% during the 1st quarter. Mason Street Advisors LLC now owns 8,300 shares of the transportation company’s stock worth $507,000 after purchasing an additional 321 shares during the period. Finally, Piedmont Investment Advisors Inc. grew its holdings in shares of Saia by 6.9% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 6,534 shares of the transportation company’s stock worth $399,000 after purchasing an additional 421 shares during the period.

Shares of NASDAQ:SAIA traded down $1.98 during midday trading on Friday, hitting $93.01. 220,636 shares of the stock were exchanged, compared to its average volume of 285,077. The stock has a market cap of $2.46 billion, a P/E ratio of 23.31 and a beta of 1.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. Saia has a twelve month low of $52.04 and a twelve month high of $96.76. The company has a 50 day moving average price of $84.35 and a 200-day moving average price of $69.08.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.08. The business had revenue of $464.00 million during the quarter, compared to the consensus estimate of $449.42 million. Saia had a return on equity of 15.90% and a net margin of 6.61%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 EPS. On average, equities research analysts expect that Saia will post 4.64 earnings per share for the current year.

Saia Company Profile

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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Analyst Recommendations for Saia (NASDAQ:SAIA)

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