Saia (NASDAQ:SAIA) Given New $510.00 Price Target at Wells Fargo & Company

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

A number of other equities research analysts have also recently weighed in on SAIA. JPMorgan Chase & Co. lifted their price target on Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a research note on Wednesday, October 9th. BMO Capital Markets increased their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Susquehanna restated a “neutral” rating and set a $530.00 price objective (down from $565.00) on shares of Saia in a research note on Tuesday, January 7th. Finally, Citigroup decreased their target price on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $530.41.

Saia Price Performance

Shares of SAIA opened at $479.27 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $12.74 billion, a P/E ratio of 34.23, a PEG ratio of 2.31 and a beta of 1.79. Saia has a 12 month low of $358.90 and a 12 month high of $628.34. The stock has a fifty day moving average price of $495.01 and a 200 day moving average price of $461.63.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $3.33 EPS. On average, research analysts forecast that Saia will post 13.47 earnings per share for the current year.

Insider Activity

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Saia

A number of large investors have recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Saia in the 4th quarter worth approximately $25,000. Paladin Wealth LLC acquired a new stake in shares of Saia in the third quarter worth $40,000. Tobam purchased a new position in shares of Saia during the third quarter valued at $100,000. Blue Trust Inc. raised its position in Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in Saia during the fourth quarter valued at $154,000.

About Saia

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.