Saia, Inc. (NASDAQ:SAIA) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $486.83.

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and set a $524.00 price target for the company in a report on Monday, February 24th. TD Cowen boosted their target price on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. BMO Capital Markets raised Saia from a "market perform" rating to an "outperform" rating and set a $455.00 price target on the stock in a research report on Monday, April 7th. Raymond James decreased their price objective on Saia from $540.00 to $455.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Citigroup lowered their target price on Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research note on Tuesday.

Insider Activity at Saia

In related news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company's stock.

Remove Ads

Institutional Trading of Saia

Large investors have recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in shares of Saia during the 4th quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc acquired a new position in Saia during the fourth quarter worth approximately $36,000. Huntington National Bank raised its stake in Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after buying an additional 70 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Saia in the first quarter valued at approximately $43,000.

Saia Trading Down 6.0 %

Shares of Saia stock traded down $21.08 during trading on Tuesday, hitting $330.37. 850,394 shares of the company were exchanged, compared to its average volume of 453,119. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm has a market capitalization of $8.80 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The firm's fifty day moving average price is $396.39 and its 200 day moving average price is $456.60. Saia has a 1-year low of $287.50 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same period in the previous year, the business earned $3.33 EPS. The firm's revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that Saia will post 15.46 earnings per share for the current fiscal 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.