Saia (NASDAQ:SAIA) Stock Price Up 5.4% – Here’s What Happened

Shares of Saia, Inc. (NASDAQ:SAIA) traded up 5.4% on Thursday . The company traded as high as $559.18 and last traded at $558.74. 227,640 shares traded hands during trading, a decline of 41% from the average session volume of 385,283 shares. The stock had previously closed at $530.00.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SAIA shares. Bank of America upped their price target on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and cut their target price for the company from $440.00 to $437.00 in a research note on Monday, October 21st. Evercore ISI decreased their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. TD Cowen raised their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Finally, BMO Capital Markets increased their price target on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $506.00.

Saia Stock Performance

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 stock has a market cap of $14.40 billion, a P/E ratio of 38.69, a PEG ratio of 3.03 and a beta of 1.73. The stock has a fifty day simple moving average of $470.07 and a 200-day simple moving average of $439.04.

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 the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $3.67 EPS. Equities analysts expect that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

Institutional Trading of Saia

Large investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Paladin Wealth LLC bought a new stake in shares of Saia in the third quarter valued at about $40,000. Quarry LP acquired a new position in shares of Saia during the second quarter worth about $41,000. International Assets Investment Management LLC bought a new position in shares of Saia during the second quarter worth about $42,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after buying an additional 83 shares during 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.