Saia (NASDAQ:SAIA) Price Target Cut to $510.00 by Analysts at Wells Fargo & Company

Saia (NASDAQ:SAIA) had its price target lowered by Wells Fargo & Company from $550.00 to $510.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Other analysts also recently issued reports about the stock. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a research report on Wednesday, October 9th. Barclays decreased their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Susquehanna restated a “neutral” rating and set a $530.00 target price (down from $565.00) on shares of Saia in a report on Tuesday, January 7th. Bank of America lowered their price objective on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group boosted their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $530.41.

Saia Trading Up 1.9 %

NASDAQ SAIA opened at $479.27 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a 1-year low of $358.90 and a 1-year high of $628.34. The firm’s fifty day simple moving average is $495.01 and its 200-day simple moving average is $461.63. The company has a market capitalization of $12.74 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business earned $3.33 earnings per share. As a group, sell-side analysts anticipate that Saia will post 13.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Several institutional investors have recently made changes to their positions in SAIA. Oddo BHF Asset Management Sas bought a new position in Saia during the third quarter worth about $1,408,000. MML Investors Services LLC raised its holdings in shares of Saia by 89.8% in the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after buying an additional 2,041 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of Saia by 2.8% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock worth $27,285,000 after buying an additional 1,644 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Saia in the 3rd quarter valued at $22,979,000. Finally, BNP Paribas Financial Markets grew its position in Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after acquiring an additional 1,411 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.