Saia (NASDAQ:SAIA) had its target price cut by Buckingham Research from $93.00 to $88.00 in a report released on Friday, Stock Target Advisor reports. The firm currently has a “buy” rating on the transportation company’s stock. Buckingham Research’s target price would indicate a potential upside of 37.61% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Saia from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Cowen increased their price objective on shares of Saia from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Thursday, August 2nd. Morgan Stanley increased their price objective on shares of Saia from $57.00 to $59.00 and gave the stock a “sell” rating in a research note on Tuesday, October 9th. ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.29.

SAIA opened at $63.95 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 29.20 and a beta of 0.80. Saia has a 52-week low of $55.16 and a 52-week high of $87.05.

Saia (NASDAQ:SAIA) last posted its earnings results on Wednesday, August 1st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The business had revenue of $428.73 million for the quarter, compared to analysts’ expectations of $416.95 million. Saia had a net margin of 7.45% and a return on equity of 13.38%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. As a group, analysts expect that Saia will post 3.86 EPS for the current year.

In other news, Director Jeffrey C. Ward sold 1,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $76.01, for a total value of $76,010.00. Following the transaction, the director now owns 8,279 shares in the company, valued at approximately $629,286.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. United Capital Management of KS Inc. purchased a new stake in Saia in the 3rd quarter worth approximately $235,000. Northern Trust Corp increased its holdings in Saia by 5.5% in the 2nd quarter. Northern Trust Corp now owns 822,188 shares of the transportation company’s stock worth $66,474,000 after acquiring an additional 43,050 shares in the last quarter. Moody Aldrich Partners LLC increased its holdings in Saia by 243.7% in the 2nd quarter. Moody Aldrich Partners LLC now owns 36,128 shares of the transportation company’s stock worth $2,921,000 after acquiring an additional 25,617 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Saia by 9.0% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 8,246 shares of the transportation company’s stock worth $667,000 after acquiring an additional 679 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Saia by 119.2% in the 2nd quarter. Raymond James & Associates now owns 8,763 shares of the transportation company’s stock worth $708,000 after acquiring an additional 4,765 shares in the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.

Saia Company Profile

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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