Saia (NASDAQ:SAIA) Rating Increased to Strong-Buy at BidaskClub

Saia (NASDAQ:SAIA) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Wednesday, December 20th.

Several other research analysts have also recently issued reports on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Saia in a report on Tuesday, December 5th. ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Cowen reaffirmed a “hold” rating and issued a $55.00 target price on shares of Saia in a report on Friday, September 8th. Wolfe Research cut shares of Saia from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. 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 report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Saia has a consensus rating of “Hold” and a consensus target price of $56.00.

Shares of Saia (NASDAQ SAIA) traded up $1.75 on Wednesday, hitting $75.75. 140,575 shares of the stock were exchanged, compared to its average volume of 201,972. The company has a market cap of $1,830.00, a price-to-earnings ratio of 36.59 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09. Saia has a 52-week low of $41.28 and a 52-week high of $76.25.

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

In other Saia news, VP Raymond R. Ramu sold 7,293 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total value of $474,045.00. Following the completion of the transaction, the vice president now directly owns 20,996 shares in the company, valued at $1,364,740. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard D. Odell sold 40,700 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the transaction, the chief executive officer now owns 48,634 shares of the company’s stock, valued at approximately $3,138,838.36. The disclosure for this sale can be found here. Insiders have sold 53,405 shares of company stock valued at $3,451,982 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Virginia Retirement Systems ET AL boosted its position in shares of Saia by 242.7% during the second quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the transportation company’s stock worth $1,318,000 after acquiring an additional 18,200 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Saia during the second quarter worth $1,924,000. American Century Companies Inc. raised its stake in Saia by 8.8% during the second quarter. American Century Companies Inc. now owns 126,140 shares of the transportation company’s stock valued at $6,471,000 after purchasing an additional 10,180 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Saia by 9.6% during the second quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock valued at $45,845,000 after purchasing an additional 78,252 shares in the last quarter. Finally, Timpani Capital Management LLC purchased a new stake in Saia during the second quarter valued at $1,105,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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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.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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