Saia Receives a Hold from Stephens

By Ryan Adsit

In a report released today, Brad Delco from Stephens reiterated a Hold rating on Saia (NASDAQ: SAIA), with a price target of $77. The company’s shares opened today at $73.

According to TipRanks.com, Delco is a 4-star analyst with an average return of 13.4% and a 72.1% success rate. Delco covers the Services sector, focusing on stocks such as Schneider National Inc, Knight Transportation, and Old Dominion Freight.

Saia has an analyst consensus of Moderate Buy, with a price target consensus of $82.25.

Based on Saia’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $353 million and quarterly net profit of $47.76 million. In comparison, last year the company earned revenue of $317 million and had a net profit of $11.39 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

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Saia, Inc. is a transportation holding company, that provides a range of less-than-truckload, non-asset truckload, expedited and logistics services through its wholly-owned subsidiaries across the United States. The company was founded in 1924 and is headquartered in Johns Creek, GA.