Saia (NASDAQ:SAIA) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also commented on SAIA. ValuEngine raised shares of Saia from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen reissued a “hold” rating and issued a $55.00 target price on shares of Saia in a report on Friday, September 8th. Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 target price on shares of Saia in a report on Thursday, September 21st. Finally, Morgan Stanley raised their target price on shares of Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Saia currently has an average rating of “Hold” and a consensus target price of $50.00.

Shares of Saia (SAIA) opened at $69.50 on Wednesday. Saia has a 12 month low of $41.28 and a 12 month high of $70.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1,774.13, a PE ratio of 33.62 and a beta of 0.90.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 27th. The transportation company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Saia had a net margin of 4.05% and a return on equity of 10.61%. The firm had revenue of $350.06 million during the quarter, compared to the consensus estimate of $344.46 million. During the same period in the prior year, the business earned $0.54 earnings per share. Saia’s quarterly revenue was up 10.6% compared to the same quarter last year. equities analysts expect that Saia will post 2.17 earnings per share for the current fiscal year.

In related news, insider Stephanie Maschmeier sold 4,090 shares of Saia stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total transaction of $265,850.00. Following the sale, the insider now directly owns 7,316 shares of the company’s stock, valued at approximately $475,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frederick J. Holzgrefe III sold 1,322 shares of Saia stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $64.53, for a total transaction of $85,308.66. Following the sale, the vice president now directly owns 31,668 shares in the company, valued at $2,043,536.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,405 shares of company stock worth $3,451,982. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC grew its holdings in shares of Saia by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock valued at $3,501,000 after purchasing an additional 347 shares during the last quarter. Mckinley Capital Management LLC Delaware grew its holdings in shares of Saia by 1.0% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 40,800 shares of the transportation company’s stock valued at $2,093,000 after purchasing an additional 409 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Saia by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,906 shares of the transportation company’s stock valued at $1,021,000 after purchasing an additional 661 shares during the last quarter. TD Asset Management Inc. grew its holdings in shares of Saia by 4.3% during the 2nd quarter. TD Asset Management Inc. now owns 19,474 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 800 shares during the last quarter. Finally, Flinton Capital Management LLC grew its holdings in shares of Saia by 69.8% during the 2nd quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 1,020 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

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About Saia

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.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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