Cowen & Co. analyst Jason Seidl maintained a Hold rating on Saia Inc (SAIA) today and set a price target of $80. The company’s shares opened today at $74.07.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 14.9% and a 74.6% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Saia Inc with a $77 average price target.
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Based on Saia Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $22.26 million. In comparison, last year the company had a net profit of $30.28 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
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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.