BidaskClub Downgrades Saia (SAIA) to Buy
Saia (NASDAQ:SAIA) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.
A number of other brokerages have also recently weighed in on SAIA. Wolfe Research cut shares of Saia from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Cowen reissued a “hold” rating and set a $55.00 target price on shares of Saia in a report on Friday, September 8th. Stifel Nicolaus increased their target price on shares of Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, December 13th. Finally, ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.00.
Shares of Saia (SAIA) traded down $0.15 during trading hours on Friday, hitting $71.05. 180,500 shares of the company’s stock were exchanged, compared to its average volume of 181,275. The firm has a market capitalization of $1,811.09, a PE ratio of 34.32 and a beta of 0.90. Saia has a 52 week low of $41.28 and a 52 week high of $72.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.
Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). The business had revenue of $350.06 million for the quarter, compared to analyst estimates of $344.46 million. Saia had a return on equity of 10.61% and a net margin of 4.05%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. sell-side analysts predict that Saia will post 2.18 earnings per share for the current fiscal year.
In other news, VP Frederick J. Holzgrefe III sold 1,322 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $64.53, for a total transaction of $85,308.66. Following the completion of the transaction, the vice president now owns 31,668 shares in the company, valued at $2,043,536.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Odell sold 40,700 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the transaction, the chief executive officer now owns 48,634 shares of the company’s stock, valued at approximately $3,138,838.36. The disclosure for this sale can be found here. Insiders have sold 53,405 shares of company stock valued at $3,451,982 in the last 90 days. Insiders own 1.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in SAIA. GSA Capital Partners LLP bought a new position in Saia in the 3rd quarter valued at about $305,000. Algert Global LLC grew its position in Saia by 9.2% in the 3rd quarter. Algert Global LLC now owns 51,208 shares of the transportation company’s stock valued at $3,208,000 after buying an additional 4,296 shares in the last quarter. Neuberger Berman Group LLC bought a new position in Saia in the 3rd quarter valued at about $452,000. California Public Employees Retirement System grew its position in Saia by 4.7% in the 3rd quarter. California Public Employees Retirement System now owns 71,819 shares of the transportation company’s stock valued at $4,499,000 after buying an additional 3,219 shares in the last quarter. Finally, Southport Management L.L.C. bought a new position in Saia in the 3rd quarter valued at about $627,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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