Wells Fargo & Company Lowers Saia (NASDAQ:SAIA) Price Target to $400.00

Saia (NASDAQ:SAIA) had its target price dropped by stock analysts at Wells Fargo & Company from $445.00 to $400.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 0.52% from the stock’s previous close.

Several other research analysts also recently commented on SAIA. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. BMO Capital Markets lifted their price target on shares of Saia from $490.00 to $500.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. Susquehanna reduced their price objective on shares of Saia from $610.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. UBS Group decreased their price objective on shares of Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $487.53.

Saia Stock Performance

SAIA stock traded up $1.52 during midday trading on Monday, reaching $397.95. 9,545 shares of the company’s stock traded hands, compared to its average volume of 391,964. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 0.08. Saia has a 52-week low of $341.26 and a 52-week high of $628.34. The stock has a market cap of $10.58 billion, a P/E ratio of 28.84, a PEG ratio of 1.41 and a beta of 1.72. The stock’s 50-day moving average is $447.36 and its 200 day moving average is $493.54.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $2.85 earnings per share. As a group, analysts anticipate that Saia will post 15.32 EPS for the current year.

Insider Transactions at Saia

In other Saia news, Director John P. Gainor, Jr. bought 500 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $407.00 per share, with a total value of $203,500.00. Following the completion of the acquisition, the director now owns 900 shares in the company, valued at approximately $366,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after purchasing an additional 83 shares during the last quarter. RiverPark Advisors LLC raised its holdings in shares of Saia by 9.7% in the second quarter. RiverPark Advisors LLC now owns 1,102 shares of the transportation company’s stock worth $523,000 after buying an additional 97 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Saia by 11.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 152,243 shares of the transportation company’s stock worth $72,208,000 after acquiring an additional 15,978 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Saia by 22.4% during the 2nd quarter. Raymond James Trust N.A. now owns 660 shares of the transportation company’s stock valued at $313,000 after acquiring an additional 121 shares during the period. Finally, LRI Investments LLC boosted its holdings in Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after acquiring an additional 24 shares during the period.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.