Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Saia (SAIA) Share Price
Headlines about Saia (NASDAQ:SAIA) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Saia earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.3172537151668 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have recently weighed in on SAIA shares. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Cowen and Company increased their target price on shares of Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and set a $48.00 target price (up previously from $44.00) on shares of Saia in a research note on Monday, July 31st. ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $50.33.
Shares of Saia (NASDAQ:SAIA) traded down 2.29% during midday trading on Thursday, reaching $59.65. 97,486 shares of the company were exchanged. The company’s 50-day moving average price is $57.45 and its 200 day moving average price is $50.45. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 28.94 and a beta of 0.85. Saia has a 52-week low of $27.96 and a 52-week high of $63.05.
Saia (NASDAQ:SAIA) last posted its earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Saia had a net margin of 4.12% and a return on equity of 10.84%. The firm had revenue of $358.20 million during the quarter, compared to analysts’ expectations of $348.53 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Saia’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts predict that Saia will post $2.18 earnings per share for the current year.
In other Saia news, Director Jeffrey C. Ward sold 2,521 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $52.91, for a total value of $133,386.11. Following the completion of the transaction, the director now owns 9,279 shares in the company, valued at approximately $490,951.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Herbert A. Trucksess III sold 10,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.54, for a total transaction of $565,400.00. Following the completion of the transaction, the director now owns 158,442 shares of the company’s stock, valued at approximately $8,958,310.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,576 shares of company stock valued at $4,053,452. 1.50% of the stock is owned by insiders.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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