Saia (NASDAQ:SAIA) had its price target increased by Stifel Nicolaus from $66.00 to $77.00 in a research report report published on Thursday, BenzingaRatingsTable reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.
A number of other brokerages also recently issued reports on SAIA. BidaskClub raised Saia from a hold rating to a buy rating in a research report on Friday, July 26th. ValuEngine raised Saia from a sell rating to a hold rating in a research report on Thursday. KeyCorp increased their price target on Saia from $75.00 to $85.00 and gave the stock an overweight rating in a research report on Thursday. Mizuho reissued a hold rating and set a $75.00 price target on shares of Saia in a research report on Tuesday, July 2nd. Finally, Cowen reissued a hold rating and set a $70.00 price target on shares of Saia in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Saia has an average rating of Hold and a consensus target price of $78.00.
Shares of NASDAQ SAIA traded up $1.82 during trading hours on Thursday, reaching $77.10. 276,450 shares of the stock were exchanged, compared to its average volume of 208,320. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 19.32 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. Saia has a 52 week low of $52.04 and a 52 week high of $83.75. The company’s fifty day simple moving average is $64.96.
In other Saia news, VP Paul C. Peck sold 1,265 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total value of $86,020.00. Following the sale, the vice president now owns 1,128 shares of the company’s stock, valued at approximately $76,704. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds have recently modified their holdings of SAIA. Norges Bank acquired a new stake in shares of Saia in the 4th quarter valued at $17,995,000. Janus Henderson Group PLC boosted its holdings in shares of Saia by 18.5% in the 1st 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 in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Saia by 13.1% in the 1st 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Saia by 7.1% in the 1st quarter. JPMorgan Chase & Co. now owns 816,274 shares of the transportation company’s stock valued at $49,874,000 after purchasing an additional 54,050 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Saia by 36.5% in the 4th quarter. Deutsche Bank AG now owns 162,482 shares of the transportation company’s stock valued at $9,068,000 after purchasing an additional 43,485 shares in the last quarter.
Saia Company Profile
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.
Featured Story: How to read a candlestick chart
Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.