Shares of Saia Inc (NASDAQ:SAIA) have been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $73.70.
A number of research firms have issued reports on SAIA. ValuEngine upgraded shares of XOMA from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. BidaskClub upgraded shares of ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 17th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Wolfe Research upgraded shares of Saia from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 11th. Finally, Deutsche Bank set a $81.00 price objective on shares of Franco Nevada and gave the company a “hold” rating in a research report on Thursday.
NASDAQ:SAIA traded up $2.59 during trading hours on Tuesday, reaching $65.44. The company’s stock had a trading volume of 140,651 shares, compared to its average volume of 146,102. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.40 and a beta of 1.10. The firm’s 50-day moving average price is $61.78. Saia has a 1 year low of $52.04 and a 1 year high of $83.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 1.14.
Saia (NASDAQ:SAIA) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The business had revenue of $410.60 million during the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter in the previous year, the business earned $0.77 EPS. Saia’s revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts expect that Saia will post 4.51 EPS for the current year.
In other news, VP Paul C. Peck sold 1,265 shares of Saia stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total transaction of $86,020.00. Following the sale, the vice president now owns 1,128 shares of the company’s stock, valued at approximately $76,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in Saia by 1.0% during the fourth quarter. BlackRock Inc. now owns 3,711,230 shares of the transportation company’s stock valued at $207,161,000 after buying an additional 36,547 shares during the period. Texas Permanent School Fund raised its position in Saia by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 16,814 shares of the transportation company’s stock valued at $939,000 after buying an additional 648 shares during the period. Great West Life Assurance Co. Can raised its position in Saia by 4.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 32,858 shares of the transportation company’s stock valued at $1,693,000 after buying an additional 1,384 shares during the period. Resources Investment Advisors Inc. acquired a new position in Saia during the fourth quarter valued at $36,000. Finally, Stifel Financial Corp raised its position in Saia by 35.5% during the fourth quarter. Stifel Financial Corp now owns 254,168 shares of the transportation company’s stock valued at $14,215,000 after buying an additional 66,599 shares during the period.
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.
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