Deutsche Bank set a $80.00 price target on Saia (NASDAQ:SAIA) in a research note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a buy rating on the transportation company’s stock.
A number of other research firms have also recently commented on SAIA. BidaskClub raised shares of ZIOPHARM Oncology from a buy rating to a strong-buy rating in a research report on Monday, June 17th. Zacks Investment Research raised shares of DLH from a sell rating to a hold rating in a research report on Tuesday. Seaport Global Securities raised shares of Saia from a neutral rating to a buy rating in a research report on Wednesday, May 1st. Wolfe Research raised shares of Saia from a market perform rating to an outperform rating in a research report on Thursday, April 11th. Finally, Cowen reissued a hold rating on shares of PTC Therapeutics in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Saia presently has a consensus rating of Hold and an average price target of $74.18.
NASDAQ:SAIA traded up $2.13 during midday trading on Thursday, reaching $64.98. 1,048 shares of the stock traded hands, compared to its average volume of 147,111. Saia has a 12-month low of $52.04 and a 12-month high of $83.75. The firm has a 50-day moving average price of $61.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $1.61 billion, a PE ratio of 16.37 and a beta of 1.10.
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 shares were sold at an average price of $68.00, for a total value of $86,020.00. Following the completion of the transaction, the vice president now owns 1,128 shares of the company’s stock, valued at $76,704. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Saia by 1.0% in the fourth quarter. BlackRock Inc. now owns 3,711,230 shares of the transportation company’s stock worth $207,161,000 after buying an additional 36,547 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Saia by 18.5% in the first quarter. Janus Henderson Group PLC now owns 1,381,118 shares of the transportation company’s stock worth $84,386,000 after acquiring an additional 215,939 shares during the period. Wells Fargo & Company MN increased its stake in shares of Saia by 13.1% in the first quarter. Wells Fargo & Company MN now owns 899,004 shares of the transportation company’s stock worth $54,928,000 after acquiring an additional 103,973 shares during the period. Victory Capital Management Inc. increased its stake in shares of Saia by 1.8% in the first quarter. Victory Capital Management Inc. now owns 836,546 shares of the transportation company’s stock worth $51,113,000 after acquiring an additional 14,784 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Saia by 7.1% in the first quarter. JPMorgan Chase & Co. now owns 816,274 shares of the transportation company’s stock worth $49,874,000 after acquiring an additional 54,050 shares during the period.
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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