Saia (NASDAQ:SAIA) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Saia (NASDAQ:SAIA) from a hold rating to a sell rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Saia Inc., is a leading multi-regional less-than-truckload (LTL) carrier. It is a leading transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, petrochemical and manufacturing industries. Saia Inc., serves a wide variety of customers by offering regional, interregional and national LTL services and selected TL services across the United States. It offers customers a wide range of less-than-truckload, non-asset truckload, and logistic services. Saia LTL Freight operates 152 terminals in 38 states and is headquartered in Johns Creek, Georgia. “

Several other equities research analysts have also issued reports on SAIA. BidaskClub raised shares of ZIOPHARM Oncology from a buy rating to a strong-buy rating in a research note on Monday, June 17th. Stephens set a $71.00 price objective on shares of Saia and gave the company a hold rating in a research note on Thursday, May 2nd. ValuEngine raised shares of XOMA from a sell rating to a hold rating in a research note on Friday, May 24th. Cowen reaffirmed a hold rating on shares of PTC Therapeutics in a research note on Thursday, May 2nd. Finally, Seaport Global Securities raised shares of Saia from a neutral rating to a buy rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $74.18.

Saia stock opened at $65.44 on Tuesday. The firm’s fifty day moving average is $61.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.14. Saia has a 12 month low of $52.04 and a 12 month high of $83.75. The stock has a market cap of $1.62 billion, a PE ratio of 15.56 and a beta of 1.10.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.05). Saia had a net margin of 6.35% and a return on equity of 15.59%. The company had revenue of $410.60 million for the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. On average, research analysts anticipate that Saia will post 4.51 earnings per share for the current year.

In other Saia news, VP Paul C. Peck sold 1,265 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total transaction 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 approximately $76,704. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in shares of Saia by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 9,951 shares of the transportation company’s stock valued at $608,000 after buying an additional 180 shares during the last quarter. Arizona State Retirement System raised its position in shares of Saia by 0.8% during the first quarter. Arizona State Retirement System now owns 39,869 shares of the transportation company’s stock valued at $2,436,000 after buying an additional 301 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Saia by 4.0% during the first quarter. Mason Street Advisors LLC now owns 8,300 shares of the transportation company’s stock valued at $507,000 after buying an additional 321 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Saia by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,321 shares of the transportation company’s stock valued at $1,023,000 after buying an additional 402 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. raised its position in shares of Saia by 6.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 6,534 shares of the transportation company’s stock valued at $399,000 after buying an additional 421 shares during 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 Article: Should You Consider an Index Fund?

Get a free copy of the Zacks research report on Saia (SAIA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Saia (NASDAQ:SAIA)

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit