Institutional Investors Are Buying Saia Inc (NASDAQ:SAIA)

July 18, 2017 - By Darrin Black

 Institutional Investors Are Buying Saia Inc (NASDAQ:SAIA)

Sentiment for Saia Inc (NASDAQ:SAIA)

Saia Inc (NASDAQ:SAIA) institutional sentiment increased to 2.02 in 2016 Q4. Its up 0.87, from 1.15 in 2016Q3. The ratio is more positive, as 101 hedge funds increased or started new stock positions, while 50 cut down and sold their positions in Saia Inc. The hedge funds in our partner’s database reported: 24.76 million shares, up from 24.49 million shares in 2016Q3. Also, the number of hedge funds holding Saia Inc in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 11 Reduced: 39 Increased: 54 New Position: 47.

Saia, Inc. is a transportation company. The company has market cap of $1.31 billion. The Firm provides regional and interregional less-than-truckload services. It has a 27.73 P/E ratio. The Firm also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States.

It closed at $52.6 lastly. It is down 76.86% since July 18, 2016 and is uptrending. It has outperformed by 60.16% the S&P500.

Analysts await Saia Inc (NASDAQ:SAIA) to report earnings on August, 4. They expect $0.59 EPS, up 13.46 % or $0.07 from last year’s $0.52 per share. SAIA’s profit will be $14.69 million for 22.29 P/E if the $0.59 EPS becomes a reality. After $0.44 actual EPS reported by Saia Inc for the previous quarter, Wall Street now forecasts 34.09 % EPS growth.

Saia Inc (NASDAQ:SAIA) Ratings Coverage

Ratings analysis reveals 43% of Saia’s analysts are positive. Out of 7 Wall Street analysts rating Saia, 3 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $27 while the high is $49. The stock’s average target of $35.25 is -32.98% below today’s ($52.6) share price. SAIA was included in 12 notes of analysts from July 30, 2015. The company was upgraded on Friday, December 16 by KeyBanc Capital Markets. Stifel Nicolaus maintained it with “Buy” rating and $31 target in Wednesday, January 6 report. The firm has “Outperform” rating by Raymond James given on Tuesday, January 17. Morgan Stanley downgraded the shares of SAIA in report on Tuesday, February 23 to “Underweight” rating. On Thursday, April 28 the stock rating was maintained by Cowen & Co with “Market Perform”. The stock of Saia Inc (NASDAQ:SAIA) earned “Market Perform” rating by Cowen & Co on Thursday, July 30. As per Thursday, August 4, the company rating was downgraded by Stifel Nicolaus. Cowen & Co maintained Saia Inc (NASDAQ:SAIA) on Friday, February 3 with “Market Perform” rating. The firm has “Hold” rating by TheStreet given on Friday, October 16. The stock of Saia Inc (NASDAQ:SAIA) has “Market Perform” rating given on Thursday, October 29 by Cowen & Co.

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