Saia (SAIA) Upgraded to Strong-Buy at BidaskClub

Saia (NASDAQ:SAIA) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, December 20th.

Several other analysts also recently commented on SAIA. ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cowen reissued a “hold” rating and issued a $55.00 price objective on shares of Saia in a research note on Friday, September 8th. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price objective on shares of Saia in a research note on Thursday, September 21st. Finally, Morgan Stanley boosted their price objective on shares of Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $56.00.

Shares of Saia (NASDAQ SAIA) opened at $75.85 on Wednesday. The firm has a market cap of $1,930.00, a P/E ratio of 36.64 and a beta of 0.90. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.21. Saia has a 12-month low of $41.28 and a 12-month high of $77.00.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Saia had a return on equity of 11.04% and a net margin of 4.12%. The company had revenue of $350.06 million for the quarter, compared to analysts’ expectations of $344.46 million. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. research analysts expect that Saia will post 2.18 earnings per share for the current fiscal year.

In other Saia news, VP Frederick J. Holzgrefe III sold 1,322 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $64.53, for a total value of $85,308.66. Following the transaction, the vice president now directly owns 31,668 shares in the company, valued at approximately $2,043,536.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephanie Maschmeier sold 4,090 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $265,850.00. Following the transaction, the insider now owns 7,316 shares in the company, valued at $475,540. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,405 shares of company stock worth $3,451,982. 1.50% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Saia by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock valued at $67,631,000 after buying an additional 51,915 shares during the period. Victory Capital Management Inc. raised its holdings in Saia by 30.3% in the third quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock valued at $60,421,000 after buying an additional 224,547 shares during the period. Goldman Sachs Group Inc. raised its holdings in Saia by 9.6% in the second quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock valued at $45,845,000 after buying an additional 78,252 shares during the period. Northern Trust Corp raised its holdings in Saia by 8.3% in the second quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock valued at $40,384,000 after buying an additional 60,162 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in Saia by 5.6% in the second quarter. Thrivent Financial For Lutherans now owns 722,480 shares of the transportation company’s stock valued at $37,063,000 after buying an additional 38,530 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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Saia Company Profile

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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