Cowen & Co. Sticks to Its Hold Rating for Saia (SAIA)

By Jason Carr

In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on Saia (SAIAResearch Report), with a price target of $70. The company’s shares opened today at $63.04.

According to, Seidl is a top 100 analyst with an average return of 16.3% and a 73.1% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Currently, the analyst consensus on Saia is a Moderate Buy with an average price target of $76, implying a 20.6% upside from current levels. In a report released today, Stephens also maintained a Hold rating on the stock with a $71 price target.

See today’s analyst top recommended stocks >>

Based on Saia’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $25.38 million. In comparison, last year the company had a net profit of $21.13 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Raymond Ramu, the Exec. VP & Chief Customer Off. of SAIA sold 20,760 shares for a total of $1,436,384.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Saia, Inc. is a transportation holding company, which 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.