Saia (NASDAQ:SAIA) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.

A number of other analysts have also issued reports on the stock. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Morgan Stanley set a $57.00 price target on shares of Saia and gave the stock a “sell” rating in a research note on Monday, October 22nd. Cowen restated a “market perform” rating and issued a $75.00 price target (down previously from $84.00) on shares of Saia in a research note on Thursday, November 1st. Finally, SunTrust Banks started coverage on shares of Saia in a research note on Wednesday, December 12th. They issued a “buy” rating and a $70.00 price target for the company. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Saia currently has a consensus rating of “Hold” and an average price target of $72.60.

Shares of NASDAQ:SAIA traded up $0.33 during midday trading on Wednesday, reaching $55.46. The company had a trading volume of 98,000 shares, compared to its average volume of 229,682. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.42 billion, a PE ratio of 25.32 and a beta of 1.00. Saia has a one year low of $52.04 and a one year high of $87.05.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $425.60 million during the quarter, compared to analyst estimates of $417.70 million. Saia had a net margin of 7.96% and a return on equity of 14.85%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities research analysts forecast that Saia will post 3.89 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in SAIA. Parallel Advisors LLC increased its stake in Saia by 1,043.2% during the third quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,450 shares during the last quarter. C M Bidwell & Associates Ltd. increased its stake in Saia by 107.1% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,340 shares of the transportation company’s stock valued at $179,000 after purchasing an additional 1,210 shares during the last quarter. United Capital Management of KS Inc. bought a new stake in Saia during the third quarter valued at $235,000. Janus Henderson Group PLC bought a new stake in Saia during the third quarter valued at $322,000. Finally, Jane Street Group LLC bought a new stake in Saia during the third quarter valued at $323,000.

About Saia

Saia, Inc, through its wholly-owned 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; truckload services; 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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