Analysts Set Saia Inc (NASDAQ:SAIA) Price Target at $93.36

Shares of Saia Inc (NASDAQ:SAIA) have been assigned an average rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $93.36.

Several equities research analysts have recently issued reports on SAIA shares. Deutsche Bank raised their price target on Saia from $112.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Cowen reaffirmed a “hold” rating and issued a $99.00 price target on shares of Saia in a research report on Wednesday, April 29th. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. KeyCorp reduced their target price on shares of Saia from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus reduced their target price on shares of Saia from $107.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, March 5th.

In other Saia news, CFO Douglas L. Col sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $111.75, for a total transaction of $111,750.00. Following the sale, the chief financial officer now directly owns 5,227 shares of the company’s stock, valued at approximately $584,117.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Odell sold 9,749 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $103.24, for a total transaction of $1,006,486.76. Following the sale, the director now directly owns 32,155 shares in the company, valued at $3,319,682.20. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Large investors have recently modified their holdings of the business. Advisory Services Network LLC grew its stake in Saia by 578.7% in the 4th quarter. Advisory Services Network LLC now owns 319 shares of the transportation company’s stock valued at $29,000 after buying an additional 272 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Saia in the 4th quarter valued at about $33,000. CWM LLC grew its stake in Saia by 58.2% in the 1st quarter. CWM LLC now owns 481 shares of the transportation company’s stock valued at $35,000 after buying an additional 177 shares during the last quarter. Cutler Group LP acquired a new position in Saia in the 1st quarter valued at about $36,000. Finally, Advisor Group Holdings Inc. acquired a new position in Saia in the 1st quarter valued at about $38,000.

Shares of NASDAQ:SAIA opened at $107.37 on Tuesday. The company has a market cap of $2.76 billion, a P/E ratio of 23.75 and a beta of 1.12. The stock’s 50-day moving average is $105.55 and its 200-day moving average is $91.41. Saia has a 52-week low of $59.24 and a 52-week high of $119.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.23 and a current ratio of 1.23.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.25. The company had revenue of $446.40 million for the quarter, compared to the consensus estimate of $436.85 million. Saia had a return on equity of 14.68% and a net margin of 6.56%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. As a group, equities analysts predict that Saia will post 3.96 EPS 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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