Saia (NASDAQ:SAIA) Given “Neutral” Rating at Susquehanna

Saia (NASDAQ:SAIA)‘s stock had its “neutral” rating reaffirmed by stock analysts at Susquehanna in a report released on Tuesday, MarketBeat.com reports. They currently have a $530.00 target price on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 12.45% from the stock’s previous close.

SAIA has been the subject of a number of other reports. Citigroup lowered their price target on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a report on Wednesday, October 9th. BMO Capital Markets raised their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Evercore ISI lowered their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group increased their price target on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average target price of $511.65.

Saia Stock Up 1.3 %

NASDAQ SAIA opened at $471.30 on Tuesday. The business’s fifty day simple moving average is $514.56 and its 200-day simple moving average is $459.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $12.53 billion, a PE ratio of 33.66, a P/E/G ratio of 2.96 and a beta of 1.79. Saia has a 52 week low of $358.90 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.67 EPS. As a group, equities analysts anticipate that Saia will post 13.51 earnings per share for the current year.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of institutional investors have recently bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new position in shares of Saia during the 3rd quarter worth $1,408,000. MML Investors Services LLC increased its holdings in Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after acquiring an additional 2,041 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Saia during the third quarter worth about $22,979,000. BNP Paribas Financial Markets lifted its holdings in shares of Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Saia by 6.0% in the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock valued at $31,633,000 after purchasing an additional 3,886 shares in the last quarter.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.