Saia Inc (NASDAQ:SAIA) has been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $72.58.

SAIA has been the topic of several recent analyst reports. Stephens set a $71.00 price target on Saia and gave the stock a “hold” rating in a research report on Thursday, May 2nd. BidaskClub raised Saia from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Cowen restated a “hold” rating and set a $70.00 price objective on shares of Saia in a research report on Thursday, May 2nd. Finally, Deutsche Bank upgraded Saia from a “hold” rating to a “buy” rating and set a $64.84 price objective on the stock in a research report on Wednesday, February 6th.

In other news, VP Paul C. Peck sold 1,265 shares of the business’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 transaction of $86,020.00. Following the sale, the vice president now directly owns 1,128 shares in the company, valued at $76,704. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Saia by 1.5% in the first quarter. BlackRock Inc. now owns 3,766,070 shares of the transportation company’s stock valued at $230,105,000 after acquiring an additional 54,840 shares during the period. Vanguard Group Inc. boosted its position in Saia by 29.8% during the third quarter. Vanguard Group Inc. now owns 2,577,696 shares of the transportation company’s stock valued at $197,065,000 after purchasing an additional 592,115 shares during the last quarter. Janus Henderson Group PLC boosted its position in Saia by 18.5% during the first quarter. Janus Henderson Group PLC now owns 1,381,118 shares of the transportation company’s stock valued at $84,386,000 after purchasing an additional 215,939 shares during the last quarter. Jennison Associates LLC boosted its position in Saia by 0.6% during the fourth quarter. Jennison Associates LLC now owns 1,083,062 shares of the transportation company’s stock valued at $60,457,000 after purchasing an additional 5,925 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Saia by 13.1% during the first quarter. Wells Fargo & Company MN now owns 899,004 shares of the transportation company’s stock valued at $54,928,000 after purchasing an additional 103,973 shares during the last quarter.

Shares of NASDAQ SAIA opened at $65.16 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 16.33 and a beta of 1.07. Saia has a 12 month low of $52.04 and a 12 month high of $87.05.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.05). The business had revenue of $410.60 million during the quarter, compared to the consensus estimate of $410.25 million. Saia had a return on equity of 15.59% and a net margin of 6.35%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, research analysts forecast that Saia will post 4.58 earnings per share for the current fiscal year.

About Saia

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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