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Saia (SAIA) Receives a Sell from Morgan Stanley


In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on Saia (NASDAQ: SAIA), with a price target of $59. The company’s shares closed yesterday at $67.42.

According to TipRanks.com, Shanker is a 3-star analyst with an average return of 3.2% and a 57.3% success rate. Shanker covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and ArcBest Corporation.

Currently, the analyst consensus on Saia is a Hold with an average price target of $73.75.

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Based on Saia’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $30.28 million. In comparison, last year the company had a net profit of $14.41 million.

Based on the recent corporate insider activity of 31 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.