Notable Runner: Could Saia Inc See a Reversal After Breaking Its 52-Week High?

Notable Runner: Could Saia Inc See a Reversal After Breaking Its 52 Week High?

The stock of Saia Inc (NASDAQ:SAIA) hit a new 52-week high and has $44.81 target or 4.00% above today’s $43.09 share price. The 5 months bullish chart indicates low risk for the $1.09B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $44.81 price target is reached, the company will be worth $43.60 million 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 232,752 shares traded hands. Saia Inc (NASDAQ:SAIA) has risen 38.89% since April 28, 2016 and is uptrending. It has outperformed by 32.96% the S&P500.

Analysts await Saia Inc (NASDAQ:SAIA) to report earnings on February, 3. They expect $0.43 EPS, up 4.88% or $0.02 from last year’s $0.41 per share. SAIA’s profit will be $10.88 million for 25.05 P/E if the $0.43 EPS becomes a reality. After $0.54 actual EPS reported by Saia Inc for the previous quarter, Wall Street now forecasts -20.37% negative EPS growth.

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 of Saia Inc (NASDAQ:SAIA) has “Hold” rating given on Thursday, August 4 by Stifel Nicolaus. The stock of Saia Inc (NASDAQ:SAIA) has “Market Perform” rating given on Thursday, October 29 by Cowen & Co. The company was downgraded on Tuesday, February 23 by Morgan Stanley. Cowen & Co maintained it with “Market Perform” rating and $48 target price in Thursday, July 30 report. The stock of Saia Inc (NASDAQ:SAIA) has “Hold” rating given on Friday, October 16 by TheStreet. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, January 6. The rating was maintained by Cowen & Co on Thursday, April 28 with “Market Perform”.

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”

Another recent and important Saia Inc (NASDAQ:SAIA) news was published by Reuters.com which published an article titled: “BRIEF-Saia Inc says in November LTL shipments per workday increased 1.3 pc…” on December 01, 2016.

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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