Saia (NASDAQ:SAIA) Given New $410.00 Price Target at Wells Fargo & Company

Saia (NASDAQ:SAIA - Free Report) had its target price lifted by Wells Fargo & Company from $400.00 to $410.00 in a research report sent to investors on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the transportation company's stock.

SAIA has been the subject of a number of other reports. Evercore ISI raised their target price on Saia from $523.00 to $566.00 and gave the stock an outperform rating in a research note on Tuesday, June 25th. Raymond James cut their target price on Saia from $540.00 to $520.00 and set an outperform rating for the company in a research note on Monday, June 24th. Barclays cut their target price on Saia from $575.00 to $515.00 and set an overweight rating for the company in a research note on Monday, July 29th. Bank of America raised their target price on Saia from $443.00 to $460.00 and gave the stock a buy rating in a research note on Thursday. Finally, Susquehanna cut their target price on Saia from $610.00 to $550.00 and set a positive rating for the company in a research note on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $483.33.

Saia Price Performance

SAIA stock traded down $18.94 during midday trading on Thursday, reaching $398.37. The stock had a trading volume of 584,504 shares, compared to its average volume of 397,638. The company's fifty day simple moving average is $421.30 and its 200 day simple moving average is $472.85. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.81 and a beta of 1.74. Saia has a 52-week low of $341.26 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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, sell-side analysts predict that Saia will post 13.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saia

Several institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in Saia in the 2nd quarter valued at about $2,227,000. Brown Financial Advisors acquired a new position in Saia in the 2nd quarter valued at about $312,000. Clearbridge Investments LLC grew its position in Saia by 67.2% in the 2nd quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company's stock valued at $37,603,000 after acquiring an additional 31,876 shares in the last quarter. Truist Financial Corp grew its position in Saia by 25.6% in the 2nd quarter. Truist Financial Corp now owns 27,715 shares of the transportation company's stock valued at $13,145,000 after acquiring an additional 5,643 shares in the last quarter. Finally, Quarry LP acquired a new position in Saia in the 2nd quarter valued at about $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.