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

Saia, Inc. (NASDAQ:SAIA) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $498.00.

Several research analysts recently weighed in on SAIA shares. Wolfe Research lowered Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Susquehanna decreased their price target on shares of Saia from $610.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. StockNews.com lowered shares of Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and decreased their target price for the company from $526.00 to $475.00 in a research note on Friday, May 24th. Finally, The Goldman Sachs Group upped their price target on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th.

Insider Transactions at Saia

In other Saia news, Director John P. Gainor, Jr. acquired 500 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was purchased at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the transaction, the director now owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC boosted its position in Saia by 7.9% in the 3rd quarter. Mariner LLC now owns 1,580 shares of the transportation company’s stock valued at $630,000 after buying an additional 116 shares during the last quarter. Lazard Asset Management LLC increased its position in Saia by 948.5% in the third quarter. Lazard Asset Management LLC now owns 3,156 shares of the transportation company’s stock worth $1,258,000 after purchasing an additional 2,855 shares during the period. Axxcess Wealth Management LLC bought a new stake in Saia during the 3rd quarter worth about $229,000. Ameriprise Financial Inc. lifted its position in Saia by 65.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 153,382 shares of the transportation company’s stock valued at $61,146,000 after purchasing an additional 60,778 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Saia by 4.1% in the 3rd quarter. Legal & General Group Plc now owns 62,075 shares of the transportation company’s stock valued at $24,746,000 after purchasing an additional 2,466 shares during the last quarter.

Saia Stock Performance

Shares of SAIA opened at $450.68 on Friday. The company has a 50-day moving average of $431.80 and a two-hundred day moving average of $489.68. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 1.64 and a beta of 1.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23. Saia has a one year low of $341.26 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same period in the prior year, the business posted $2.85 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities research analysts expect that Saia will post 15.31 earnings per share for the current year.

Saia Company Profile

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.