Stephens Upgrades Saia (NASDAQ:SAIA) to Overweight

Saia (NASDAQ:SAIA) was upgraded by investment analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $96.00 target price on the transportation company’s stock, up from their previous target price of $75.00. Stephens’ price objective would indicate a potential upside of 24.51% from the company’s current price.

SAIA has been the topic of several other reports. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. Seaport Global Securities raised Saia from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 1st. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a research report on Thursday. Wolfe Research raised Saia from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 11th. Finally, Mizuho reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Saia in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Saia has a consensus rating of “Hold” and a consensus price target of $78.00.

Shares of Saia stock traded up $1.82 during midday trading on Thursday, hitting $77.10. The company had a trading volume of 292,448 shares, compared to its average volume of 182,053. The company has a quick ratio of 1.14, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.97 billion, a PE ratio of 19.32 and a beta of 1.13. The firm has a 50 day moving average price of $64.96. Saia has a 52-week low of $52.04 and a 52-week high of $83.75.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.08. The business had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $449.42 million. Saia had a return on equity of 15.90% and a net margin of 6.61%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. As a group, equities analysts expect that Saia will post 4.5 earnings per share for the current fiscal year.

In other news, VP Paul C. Peck sold 1,265 shares of the stock in a transaction 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 transaction, the vice president now directly owns 1,128 shares of the company’s stock, valued at approximately $76,704. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oak Ridge Investments LLC increased its stake in shares of Saia by 7.3% in the 1st quarter. Oak Ridge Investments LLC now owns 170,822 shares of the transportation company’s stock worth $10,437,000 after purchasing an additional 11,642 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Saia by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,321 shares of the transportation company’s stock worth $1,023,000 after purchasing an additional 402 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Saia by 18.0% in the 1st quarter. California Public Employees Retirement System now owns 52,998 shares of the transportation company’s stock worth $3,238,000 after purchasing an additional 8,095 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Saia by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 291,904 shares of the transportation company’s stock worth $16,294,000 after purchasing an additional 15,649 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. increased its stake in shares of Saia by 6.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 6,534 shares of the transportation company’s stock worth $399,000 after purchasing an additional 421 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.

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Analyst Recommendations for Saia (NASDAQ:SAIA)

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