Saia Inc (SAIA) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $29 . Cowen advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Saia Inc. Saia Inc was Initiated by KeyBanc Capital Mkts to “Sector Weight” on Mar 3, 2016. Saia Inc was Downgraded by Morgan Stanley to ” Underweight” on Feb 23, 2016. Company shares were Reiterated by Cowen on Feb 8, 2016 to “Market Perform”, Firm has raised the Price Target to $ 29 from a previous price target of $25 .
On the company’s financial health, Saia Inc reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.40. The company had revenue of $289.90 million for the quarter, compared to analysts expectations of $286.12 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Saia Inc opened for trading at $29.99 and hit $32.645 on the upside on Wednesday, eventually ending the session at $32, with a gain of 7.93% or 2.35 points. The heightened volatility saw the trading volume jump to 15,15,879 shares. Company has a market cap of $806 M.
In a different news, on Jun 9, 2015, Mark H Robinson (Vice President of IT) sold 1,000 shares at $42.00 per share price. According to the SEC, on Feb 19, 2015, Sally R Buchholz (VP Marketing/Customer Service) sold 5,900 shares at $44.25 per share price. On Feb 6, 2015, Richard D Odell (President & CEO of Saia) sold 43,061 shares at $43.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Saia Inc. through its wholly owned subsidiaries is a transportation company. The Company provides a range of less-than-truckload (LTL) non-asset truckload expedited and logistics services across the United States. The Company serves a variety of customers by offering regional and interregional LTL truckload guaranteed expedited and logistics services. The Company operates through four subsidiaries Saia Motor Freight Line LLC (Saia LTL Freight) Saia TL Plus LLC (Saia TL Plus) Saia Sales LLC (Saia Sales) and Saia Logistics Services LLC (Saia Logistics Services). Saia LTL Freight is a multi-regional LTL carrier that serves approximately 34 states in the South Southwest Midwest Pacific Northwest and West. Saia LTL Freight offers its customers a range of regional and interregional LTL services including time-definite and expedited options.