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.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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