Saia Inc (SAIA) is Downgraded by Stifel to Hold

Saia Inc (SAIA) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Aug 4, 2016.

Many Wall Street Analysts have commented on Saia Inc. Company shares were Reiterated by Cowen on Aug 1, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $28 .

On the company’s financial health, Saia Inc reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.55. The company had revenue of $311.90 million for the quarter, compared to analysts expectations of $312.00 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Saia Inc closed down -0.1 points or -0.35% at $28.82 with 2,43,779 shares getting traded on Tusday. Post opening the session at $28.98, the shares hit an intraday low of $28.37 and an intraday high of $28.98 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Aug 3, 2016, Mark H Robinson (Vice President of IT) sold 2,500 shares at $28.55 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.

Saia Inc

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