Several other analysts have also recently commented on SAIA. ValuEngine raised Saia from a sell rating to a hold rating in a report on Wednesday, April 24th. Zacks Investment Research raised Saia from a hold rating to a buy rating and set a $79.00 price target for the company in a report on Thursday, February 21st. Stephens set a $71.00 price objective on Saia and gave the company a hold rating in a research note on Thursday, May 2nd. Wolfe Research raised Saia from a market perform rating to an outperform rating in a research report on Thursday, April 11th. Finally, Cowen reissued a hold rating and set a $70.00 price target on shares of Saia in a research report on Thursday, May 2nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $72.58.
SAIA stock opened at $59.63 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.51 billion, a P/E ratio of 14.94 and a beta of 1.08. Saia has a 12-month low of $52.04 and a 12-month high of $87.05.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The company had revenue of $410.60 million for the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter last year, the company earned $0.77 EPS. Saia’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts expect that Saia will post 4.56 EPS for the current year.
In other news, VP Paul C. Peck sold 1,265 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total transaction of $86,020.00. Following the completion of the sale, the vice president now owns 1,128 shares in the company, valued at approximately $76,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SAIA. Man Group plc raised its holdings in shares of Saia by 11.6% during the first quarter. Man Group plc now owns 57,223 shares of the transportation company’s stock worth $3,497,000 after acquiring an additional 5,948 shares during the period. Macquarie Group Ltd. increased its stake in shares of Saia by 0.9% during the 1st quarter. Macquarie Group Ltd. now owns 496,825 shares of the transportation company’s stock worth $30,356,000 after purchasing an additional 4,656 shares during the last quarter. Oxford Asset Management LLP acquired a new position in shares of Saia during the 1st quarter worth about $1,066,000. Hsbc Holdings PLC boosted its holdings in shares of Saia by 17.6% during the 1st quarter. Hsbc Holdings PLC now owns 7,600 shares of the transportation company’s stock worth $465,000 after buying an additional 1,136 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Saia by 212.5% during the 1st quarter. Wellington Management Group LLP now owns 315,495 shares of the transportation company’s stock worth $19,276,000 after buying an additional 214,544 shares during the period.
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.
Read More: Dow Jones Industrial Average (DJIA)
Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.