Saia (SAIA) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Saia (NASDAQ:SAIA) from a hold rating to a sell rating in a research report report published on Friday morning.

Several other equities research analysts also recently issued reports on SAIA. Zacks Investment Research downgraded shares of Saia from a buy rating to a hold rating in a research report on Thursday, November 8th. Deutsche Bank assumed coverage on shares of Saia in a research report on Tuesday, September 4th. They set a hold rating and a $77.00 price objective for the company. Stifel Nicolaus set a $73.00 price objective on shares of Saia and gave the stock a hold rating in a research report on Thursday, November 1st. BidaskClub downgraded shares of Saia from a hold rating to a sell rating in a research report on Tuesday, September 25th. Finally, Raymond James lowered their price objective on shares of Saia from $85.00 to $75.00 and set an outperform rating for the company in a research report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $74.13.

Shares of NASDAQ:SAIA opened at $58.60 on Friday. Saia has a 52 week low of $56.16 and a 52 week high of $87.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 26.76 and a beta of 0.99.

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

Several hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in Saia by 1,043.2% during the third quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock worth $121,000 after purchasing an additional 1,450 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its holdings 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 worth $179,000 after purchasing an additional 1,210 shares during the last quarter. Keybank National Association OH acquired a new position in Saia during the second quarter worth $210,000. United Capital Management of KS Inc. acquired a new position in Saia during the third quarter worth $235,000. Finally, Janus Henderson Group PLC acquired a new position in Saia during the third quarter worth $322,000.

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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