Saia (NASDAQ:SAIA) Price Target Cut to $510.00 by Analysts at Wells Fargo & Company

Saia (NASDAQ:SAIA - Free Report) had its price objective trimmed by Wells Fargo & Company from $550.00 to $510.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company's stock.

Other equities research analysts have also issued research reports about the stock. Bank of America reduced their price objective on shares of Saia from $600.00 to $565.00 and set a "buy" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on Saia from $499.00 to $566.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Citigroup cut their price objective on Saia from $651.00 to $644.00 and set a "buy" rating on the stock in a research note on Wednesday, December 4th. BMO Capital Markets upped their target price on Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research report on Monday, October 28th. Finally, Wolfe Research raised shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $535.41.

Saia Stock Down 3.7 %

NASDAQ SAIA traded down $18.62 on Tuesday, reaching $489.85. The stock had a trading volume of 228,023 shares, compared to its average volume of 390,020. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The business has a 50 day moving average price of $492.66 and a 200 day moving average price of $462.24. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 2.31 and a beta of 1.79.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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). The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.33 EPS. On average, analysts forecast that Saia will post 13.47 EPS for the current fiscal year.

Insider Activity

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Saia

Several large investors have recently made changes to their positions in SAIA. Oddo BHF Asset Management Sas bought a new position in Saia in the 3rd quarter valued at $1,408,000. MML Investors Services LLC increased its stake in shares of Saia by 89.8% in the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company's stock valued at $1,886,000 after buying an additional 2,041 shares in the last quarter. ZWJ Investment Counsel Inc. raised its holdings in shares of Saia by 2.8% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company's stock valued at $27,285,000 after buying an additional 1,644 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Saia during the 3rd quarter worth about $22,979,000. Finally, BNP Paribas Financial Markets grew its holdings in Saia by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company's stock worth $1,617,000 after acquiring an additional 1,411 shares during the last quarter.

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.