Saia (NASDAQ:SAIA) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Saia (NASDAQ:SAIA) from a hold rating to a buy rating in a research report released on Thursday, Zacks.com reports. Zacks Investment Research currently has $106.00 target price on the transportation company’s stock.

According to Zacks, “Saia Inc., is a leading multi-regional less-than-truckload (LTL) carrier. It is a leading transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, petrochemical and manufacturing industries. Saia Inc., serves a wide variety of customers by offering regional, interregional and national LTL services and selected TL services across the United States. It offers customers a wide range of less-than-truckload, non-asset truckload, and logistic services. Saia LTL Freight operates 152 terminals in 38 states and is headquartered in Johns Creek, Georgia. “

Several other research firms also recently weighed in on SAIA. Seaport Global Securities set a $100.00 price objective on Saia and gave the company a buy rating in a research note on Wednesday, September 4th. Stifel Nicolaus raised their price target on Saia from $66.00 to $77.00 and gave the stock a hold rating in a research report on Thursday, August 1st. ValuEngine raised Saia from a hold rating to a buy rating in a research report on Tuesday, September 10th. KeyCorp raised their price target on Saia from $85.00 to $95.00 and gave the stock an overweight rating in a research report on Thursday, September 5th. Finally, Buckingham Research raised their price target on Saia from $76.00 to $87.00 and gave the stock a buy rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $85.08.



NASDAQ SAIA opened at $93.01 on Thursday. Saia has a 1-year low of $52.04 and a 1-year high of $96.76. The company has a market capitalization of $2.46 billion, a P/E ratio of 23.31 and a beta of 1.09. The business has a 50 day moving average price of $84.35 and a 200 day moving average price of $69.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.10.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.08. Saia had a return on equity of 15.90% and a net margin of 6.61%. The firm had revenue of $464.00 million during the quarter, compared to the consensus estimate of $449.42 million. During the same period last year, the business posted $1.15 EPS. Saia’s quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts expect that Saia will post 4.64 earnings per share for the current fiscal year.

In other Saia news, Director John J. Holland sold 1,027 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $87.83, for a total transaction of $90,201.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard D. Odell sold 16,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $92.67, for a total value of $1,482,720.00. Following the transaction, the chief executive officer now directly owns 49,551 shares of the company’s stock, valued at approximately $4,591,891.17. The disclosure for this sale can be found here. Insiders have sold 23,267 shares of company stock valued at $2,059,641 in the last three months. 1.30% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of Saia by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 291,904 shares of the transportation company’s stock worth $16,294,000 after purchasing an additional 15,649 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Saia by 0.9% during the first quarter. Rhumbline Advisers now owns 75,064 shares of the transportation company’s stock worth $4,586,000 after purchasing an additional 692 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of Saia by 4.4% during the first quarter. Texas Permanent School Fund now owns 17,548 shares of the transportation company’s stock worth $1,072,000 after purchasing an additional 734 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Saia by 18.0% during the first quarter. California Public Employees Retirement System now owns 52,998 shares of the transportation company’s stock worth $3,238,000 after purchasing an additional 8,095 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in shares of Saia by 4.0% during the first quarter. Mason Street Advisors LLC now owns 8,300 shares of the transportation company’s stock worth $507,000 after purchasing an additional 321 shares during the last quarter.

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.

Further Reading: The limitations of an equal weight rating

Get a free copy of the Zacks research report on Saia (SAIA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.