Saia (NASDAQ:SAIA) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia (NASDAQ:SAIA - Free Report) in a research report sent to investors on Friday morning, MarketBeat reports. The firm issued a buy rating and a $570.00 target price on the transportation company's stock.

A number of other equities analysts have also recently issued reports on SAIA. The Goldman Sachs Group increased their target price on Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Raymond James decreased their price objective on Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Cowen restated a "hold" rating on shares of Saia in a report on Tuesday, February 4th. TD Cowen raised their price objective on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Finally, Susquehanna raised their price objective on Saia from $530.00 to $540.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Saia has an average rating of "Moderate Buy" and a consensus price target of $530.00.

Saia Stock Down 1.7 %

SAIA stock traded down $6.69 during trading hours on Friday, reaching $375.92. 458,604 shares of the stock were exchanged, compared to its average volume of 402,979. The firm's 50-day moving average is $461.82 and its 200-day moving average is $467.20. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia has a 12 month low of $358.90 and a 12 month high of $624.55.

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Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $3.33 EPS. On average, equities research analysts expect that Saia will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares of the company's stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last three months. Insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Saia

Several hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its holdings in shares of Saia by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company's stock worth $6,732,000 after purchasing an additional 59 shares during the period. Van ECK Associates Corp increased its holdings in shares of Saia by 40.0% during the third quarter. Van ECK Associates Corp now owns 17,316 shares of the transportation company's stock worth $7,150,000 after purchasing an additional 4,948 shares during the period. Lifestyle Asset Management Inc. increased its holdings in shares of Saia by 15.5% during the third quarter. Lifestyle Asset Management Inc. now owns 671 shares of the transportation company's stock worth $293,000 after purchasing an additional 90 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Saia by 9.0% during the third quarter. Crossmark Global Holdings Inc. now owns 1,879 shares of the transportation company's stock worth $822,000 after purchasing an additional 155 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of Saia during the third quarter worth approximately $437,000.

About Saia

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.