Saia, Inc. (NASDAQ:SAIA - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $459.74 and traded as high as $480.72. Saia shares last traded at $471.30, with a volume of 422,101 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Evercore ISI lowered their target price on Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. Susquehanna reiterated a "neutral" rating and issued a $530.00 price objective (down from $565.00) on shares of Saia in a research report on Tuesday. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and cut their target price for the company from $440.00 to $437.00 in a research report on Monday, October 21st. BMO Capital Markets lifted their price target on shares of Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research report on Monday, October 28th. Finally, Citigroup dropped their price target on shares of Saia from $651.00 to $644.00 and set a "buy" rating for the company in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $511.65.
View Our Latest Analysis on Saia
Saia Price Performance
The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.96 and a beta of 1.79. The business's fifty day simple moving average is $514.18 and its 200 day simple moving average is $459.72.
Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.67 EPS. On average, research analysts forecast that Saia, Inc. will post 13.51 EPS for the current year.
Insider Activity
In other Saia news, EVP Rohit Lal sold 1,120 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares of the company's stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.30% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in Saia by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 2,390 shares of the transportation company's stock worth $1,134,000 after purchasing an additional 69 shares during the last quarter. TD Asset Management Inc grew its position in Saia by 28.7% during the second quarter. TD Asset Management Inc now owns 13,140 shares of the transportation company's stock valued at $6,232,000 after acquiring an additional 2,934 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Saia by 2.0% during the second quarter. Arizona State Retirement System now owns 7,442 shares of the transportation company's stock worth $3,530,000 after acquiring an additional 146 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Saia by 2.7% in the 2nd quarter. Ballentine Partners LLC now owns 2,209 shares of the transportation company's stock worth $1,048,000 after acquiring an additional 59 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Saia in the 2nd quarter valued at $205,000.
About Saia
(
Get Free Report)
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.
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