Saia Inc (NASDAQ:SAIA) Receives $72.18 Consensus Target Price from Analysts

Shares of Saia Inc (NASDAQ:SAIA) have earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $73.70.

SAIA has been the subject of several recent analyst reports. BidaskClub upgraded ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 17th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Cowen reaffirmed a “hold” rating on shares of PTC Therapeutics in a report on Thursday, May 2nd. Stephens set a $71.00 price target on Saia and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, ValuEngine raised XOMA from a “sell” rating to a “hold” rating in a report on Friday, May 24th.

In other Saia news, VP Paul C. Peck sold 1,265 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total value of $86,020.00. Following the completion of the transaction, the vice president now owns 1,128 shares of the company’s stock, valued at approximately $76,704. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.



A number of institutional investors have recently bought and sold shares of SAIA. Norges Bank acquired a new position in Saia in the 4th quarter valued at approximately $17,995,000. Janus Henderson Group PLC raised its holdings in shares of Saia by 18.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,381,118 shares of the transportation company’s stock worth $84,386,000 after buying an additional 215,939 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Saia by 13.1% in the 1st quarter. Wells Fargo & Company MN now owns 899,004 shares of the transportation company’s stock worth $54,928,000 after buying an additional 103,973 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Saia by 35.5% in the 4th quarter. Stifel Financial Corp now owns 254,168 shares of the transportation company’s stock worth $14,215,000 after buying an additional 66,599 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Saia by 7.1% in the 1st quarter. JPMorgan Chase & Co. now owns 816,274 shares of the transportation company’s stock worth $49,874,000 after buying an additional 54,050 shares in the last quarter.

NASDAQ:SAIA traded up $2.59 during mid-day trading on Tuesday, hitting $65.44. 140,651 shares of the company’s stock traded hands, compared to its average volume of 146,102. The firm’s 50 day moving average price is $61.78. Saia has a 12 month low of $52.04 and a 12 month high of $83.75. 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 company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

Saia (NASDAQ:SAIA) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.05). Saia had a net margin of 6.35% and a return on equity of 15.59%. The business had revenue of $410.60 million for the quarter, compared to the consensus estimate of $410.25 million. During the same quarter in the previous year, the company earned $0.77 EPS. Saia’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Saia will post 4.51 earnings per share for the current year.

Saia Company Profile

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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Analyst Recommendations for Saia (NASDAQ:SAIA)

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