Saia, Inc. (NASDAQ:SAIA) Given Average Rating of “Moderate Buy” by Analysts

Saia, Inc. (NASDAQ:SAIAGet Free Report) has received a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $527.65.

A number of equities research analysts have issued reports on the stock. Barclays reduced their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Citigroup reduced their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Bank of America lowered their price objective on shares of Saia from $612.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group raised their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group boosted their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th.

Check Out Our Latest Report on Saia

Saia Stock Performance

SAIA opened at $481.41 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia has a 52-week low of $358.90 and a 52-week high of $628.34. The firm has a market cap of $12.80 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. The business’s fifty day moving average is $500.80 and its 200-day moving average is $462.01.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the period. Legacy Wealth Asset Management LLC grew its stake in Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after purchasing an additional 30 shares during the period. UMB Bank n.a. increased its holdings in Saia by 1.0% in the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after purchasing an additional 37 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after buying an additional 37 shares in the last quarter. Finally, Greenleaf Trust grew its position in shares of Saia by 6.4% during the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after buying an additional 37 shares during the period.

About Saia

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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.

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Analyst Recommendations for Saia (NASDAQ:SAIA)

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