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

Saia (NASDAQ:SAIA) had its target price decreased by investment analysts at Wells Fargo & Company from $510.00 to $400.00 in a research 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 suggests a potential upside of 6.09% from the company’s current price.

Several other research firms have also commented on SAIA. Citigroup lowered their price target on Saia from $544.00 to $498.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Barclays decreased their price target on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Susquehanna raised their price objective on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a report on Friday, March 7th. They issued a “buy” rating and a $570.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $520.28.

Saia Stock Down 0.4 %

Shares of SAIA opened at $377.04 on Thursday. The stock’s 50-day moving average price is $436.61 and its 200-day moving average price is $465.39. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.24 and a beta of 1.89. Saia has a 52 week low of $342.68 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the previous year, the firm posted $3.33 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Saia will post 15.46 EPS for the current year.

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Saia

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in Saia by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after purchasing an additional 26 shares during the period. Core Wealth Advisors Inc. raised its holdings in shares of Saia by 3.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 26 shares during the period. Arizona State Retirement System boosted its position in shares of Saia by 0.4% in the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after buying an additional 29 shares during the period. Avantax Advisory Services Inc. lifted its stake in Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after acquiring an additional 30 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after acquiring an additional 37 shares during the period.

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.