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

Saia (NASDAQ:SAIA) had its target price decreased by research analysts at Wells Fargo & Company from $510.00 to $400.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.42% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Raymond James lowered their target price on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and issued a $600.00 price objective on shares of Saia in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia in a research report on Friday, March 7th. They set a “buy” rating and a $570.00 target price on the stock. Citigroup reduced their target price on shares of Saia from $544.00 to $498.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Susquehanna raised their price target on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Saia currently has an average rating of “Moderate Buy” and a consensus target price of $520.28.

Saia Trading Down 4.5 %

Shares of Saia stock opened at $359.00 on Thursday. The firm’s 50 day moving average is $431.71 and its 200 day moving average is $464.41. The firm has a market capitalization of $9.56 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia has a 1 year low of $342.68 and a 1 year high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its 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 company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.33 EPS. Equities research analysts forecast that Saia will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Saia

A number of hedge funds have recently added to or reduced their stakes in SAIA. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Saia in the 4th quarter worth $4,493,000. Armis Advisers LLC acquired a new position in Saia during the fourth quarter worth $340,000. Challenger Wealth Management bought a new position in shares of Saia in the fourth quarter valued at $228,000. Castlekeep Investment Advisors LLC bought a new position in shares of Saia in the fourth quarter valued at $2,908,000. Finally, Highview Capital Management LLC DE acquired a new position in shares of Saia during the fourth quarter valued at about $1,324,000.

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.