The stock of Saia Inc (NASDAQ:SAIA) hit a new 52-week high and has $60.07 target or 63.00% above today’s $36.85 share price. The 7 months bullish chart indicates low risk for the $920.93M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $60.07 price target is reached, the company will be worth $580.19M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 191,545 shares traded hands. Saia Inc (NASDAQ:SAIA) has risen 29.31% since April 5, 2016 and is uptrending. It has outperformed by 27.35% the S&P500.
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. The stock has “Market Perform” rating given by Cowen & Co on Thursday, April 28. The rating was maintained by Cowen & Co on Thursday, October 29 with “Market Perform”. The stock has “Hold” rating given by Stifel Nicolaus on Thursday, August 4. Cowen & Co maintained the shares of SAIA in a report on Thursday, July 30 with “Market Perform” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, January 6 report. On Friday, October 16 the stock rating was downgraded by TheStreet to “Hold”. The stock of Saia Inc (NASDAQ:SAIA) earned “Underweight” rating by Morgan Stanley on Tuesday, February 23.
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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