ValuEngine Downgrades Saia (NASDAQ:SAIA) to Hold

Saia (NASDAQ:SAIA) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Several other equities research analysts also recently issued reports on SAIA. Mizuho restated a “hold” rating and issued a $75.00 price target on shares of Saia in a report on Tuesday, July 2nd. KeyCorp upped their price objective on Saia from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Stephens raised Saia from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $96.00 in a research report on Thursday, August 1st. Seaport Global Securities set a $100.00 price objective on Saia and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Deutsche Bank set a $80.00 price objective on Saia and gave the stock a “buy” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $85.08.

Shares of Saia stock traded down $2.19 during trading hours on Wednesday, hitting $91.19. The company’s stock had a trading volume of 295,850 shares, compared to its average volume of 225,263. Saia has a 12 month low of $52.04 and a 12 month high of $97.59. The stock has a 50 day moving average of $88.67 and a 200 day moving average of $71.24. The company has a market capitalization of $2.38 billion, a PE ratio of 22.85 and a beta of 1.12. 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 announced its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $464.00 million during the quarter, compared to the consensus estimate of $449.42 million. During the same period in the prior year, the company earned $1.15 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts expect that Saia will post 4.65 EPS for the current year.

In related news, Director John J. Holland sold 1,027 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $87.83, for a total transaction of $90,201.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul C. Peck sold 6,240 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $78.00, for a total value of $486,720.00. Following the transaction, the vice president now directly owns 7,368 shares of the company’s stock, valued at $574,704. The disclosure for this sale can be found here. Insiders have sold 23,267 shares of company stock valued at $2,059,641 over the last ninety days. 1.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in Saia by 126.2% during the third quarter. State of Alaska Department of Revenue now owns 19,904 shares of the transportation company’s stock valued at $1,865,000 after purchasing an additional 11,103 shares during the last quarter. Macquarie Group Ltd. boosted its position in Saia by 0.7% during the second quarter. Macquarie Group Ltd. now owns 500,092 shares of the transportation company’s stock valued at $32,341,000 after purchasing an additional 3,267 shares during the last quarter. Atria Investments LLC acquired a new position in Saia during the second quarter valued at approximately $625,000. BlackRock Inc. boosted its position in Saia by 1.0% during the second quarter. BlackRock Inc. now owns 3,804,901 shares of the transportation company’s stock valued at $246,064,000 after purchasing an additional 38,831 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Saia by 6,132.7% during the second quarter. Royal Bank of Canada now owns 9,910 shares of the transportation company’s stock valued at $641,000 after purchasing an additional 9,751 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.

See Also: Coverage Ratio

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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