Wells Fargo & Company Increases Saia (NASDAQ:SAIA) Price Target to $410.00

Saia (NASDAQ:SAIA) had its price objective upped by Wells Fargo & Company from $400.00 to $410.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 2.69% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Evercore ISI raised their price objective on shares of Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. TD Cowen boosted their target price on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday. Susquehanna cut their price target on shares of Saia from $610.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Finally, Barclays reduced their price target on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $483.33.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $18.05 during midday trading on Thursday, reaching $399.26. 376,362 shares of the stock were exchanged, compared to its average volume of 396,274. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $422.50 and a two-hundred day simple moving average of $473.37. Saia has a twelve month low of $341.26 and a twelve month high of $628.34. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.81 and a beta of 1.74.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The firm had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, analysts anticipate that Saia will post 13.88 EPS for the current fiscal year.

Institutional Trading of Saia

A number of institutional investors and hedge funds have recently bought and sold shares of SAIA. Pineridge Advisors LLC purchased a new position in shares of Saia in the 4th quarter valued at about $26,000. Blue Trust Inc. raised its holdings in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Rise Advisors LLC purchased a new position in Saia in the first quarter worth approximately $40,000. Core Wealth Advisors Inc. acquired a new position in Saia during the 4th quarter worth approximately $32,000. Finally, Quarry LP acquired a new position in Saia during the 2nd quarter worth approximately $41,000.

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.