Saia (NASDAQ:SAIA) Getting Somewhat Positive News Coverage, Analysis Finds

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News stories about Saia (NASDAQ:SAIA) have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Saia earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 46.2915772341684 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

SAIA has been the topic of several recent analyst reports. Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Tuesday, January 2nd. BidaskClub lowered Saia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 6th. Buckingham Research started coverage on Saia in a research note on Monday, March 26th. They set a “buy” rating and a $93.00 target price for the company. Stifel Nicolaus lifted their target price on Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Finally, Cowen boosted their price target on Saia from $61.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $72.40.

Shares of Saia stock traded down $2.25 during trading on Friday, reaching $72.00. 268,614 shares of the company’s stock were exchanged, compared to its average volume of 234,709. Saia has a 1-year low of $41.28 and a 1-year high of $80.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $1,934.72, a P/E ratio of 32.95 and a beta of 0.80.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $353.20 million during the quarter, compared to analysts’ expectations of $343.26 million. Saia had a return on equity of 10.80% and a net margin of 6.61%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. research analysts forecast that Saia will post 3.71 earnings per share for the current year.

In related news, CEO Richard D. Odell sold 53,171 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $74.02, for a total transaction of $3,935,717.42. Following the completion of the sale, the chief executive officer now directly owns 12,972 shares of the company’s stock, valued at $960,187.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie Maschmeier sold 8,177 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $73.96, for a total value of $604,770.92. Following the sale, the insider now directly owns 3,678 shares of the company’s stock, valued at $272,024.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,109 shares of company stock worth $6,365,332. 1.50% of the stock is owned by corporate insiders.

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About Saia

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.

Insider Buying and Selling by Quarter for Saia (NASDAQ:SAIA)

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