Market Runner: Saia Inc Has Another Very Strong Trading Session

Market Runner: Saia Inc Has Another Very Strong Trading Session

The stock of Saia Inc (NASDAQ:SAIA) is a huge mover today! The stock increased 7.16% or $2.5 during the last trading session, hitting $37.4. About 369,453 shares traded hands or 79.53% up from the average. Saia Inc (NASDAQ:SAIA) has risen 29.31% since April 5, 2016 and is uptrending. It has outperformed by 27.35% the S&P500.
The move comes after 8 months positive chart setup for the $934.68 million company. It was reported on Nov, 7 by We have $59.09 PT which if reached, will make NASDAQ:SAIA worth $542.11M more.

Saia Inc (NASDAQ:SAIA) Ratings Coverage

Out of 5 analysts covering Saia (NASDAQ:SAIA), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Saia has been the topic of 9 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Thursday, October 29, the company rating was maintained by Cowen & Co. The company was downgraded on Tuesday, February 23 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, January 6 by Stifel Nicolaus. The stock of Saia Inc (NASDAQ:SAIA) earned “Market Perform” rating by Cowen & Co on Thursday, April 28. As per Thursday, July 30, the company rating was maintained by Cowen & Co. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 4. As per Friday, October 16, the company rating was downgraded by TheStreet.

According to Zacks Investment Research, “SCS Trans Inc is a leading transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, petrochemical and manufacturing industries. We serve a wide variety of customers by offering regional, interregional and national LTL services and selected TL services across the United States.Saia customers can choose from a wide variety of service options including overnight and second-day regional LTL shipping and a guaranteed/expedited delivery”

SAIA Company Profile

Saia, Inc., incorporated on July 14, 2006, is a transportation company. The Firm provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Firm conducts its activities through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc. (MetroGo) and LinkEx, Inc. (LinkEx).

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