Saia Inc (NASDAQ:SAIA) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 1,001 call options on the stock. This is an increase of 1,372% compared to the average volume of 68 call options.
SAIA has been the topic of several research analyst reports. Seaport Global Securities raised shares of Saia from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 1st. Buckingham Research upped their price objective on shares of Saia from $76.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of Saia from $66.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Cowen reaffirmed a “hold” rating and set a $70.00 price objective on shares of Saia in a research note on Thursday, May 2nd. Finally, Mizuho reissued a “hold” rating and set a $75.00 price target on shares of Saia in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.00.
In other Saia news, VP Paul C. Peck sold 6,240 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $78.00, for a total transaction of $486,720.00. Following the sale, the vice president now directly owns 7,368 shares of the company’s stock, valued at $574,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.
Shares of SAIA traded down $0.66 during mid-day trading on Thursday, hitting $78.51. 5 shares of the company traded hands, compared to its average volume of 256,421. Saia has a one year low of $52.04 and a one year high of $83.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50-day simple moving average of $69.08. The stock has a market capitalization of $2.08 billion, a PE ratio of 19.67 and a beta of 1.13.
Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.08. Saia had a net margin of 6.61% and a return on equity of 15.90%. The business had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $449.42 million. During the same period in the prior year, the firm earned $1.15 earnings per share. Saia’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that Saia will post 4.57 EPS for the current year.
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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