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

Saia (NASDAQ:SAIA) had its price objective boosted by Wells Fargo & Company from $400.00 to $410.00 in a research note issued to investors on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the transportation company’s stock.

A number of other research firms also recently commented on SAIA. TD Cowen raised their price objective on Saia from $416.00 to $418.00 and gave the stock a hold rating in a report on Thursday. Stifel Nicolaus upgraded shares of Saia from a hold rating to a buy rating and cut their price target for the company from $526.00 to $475.00 in a report on Friday, May 24th. BMO Capital Markets decreased their price objective on shares of Saia from $500.00 to $480.00 and set a market perform rating for the company in a research note on Monday, July 29th. Susquehanna dropped their price objective on shares of Saia from $610.00 to $550.00 and set a positive rating for the company in a research report on Wednesday, June 12th. Finally, Evercore ISI lifted their target price on shares of Saia from $523.00 to $566.00 and gave the company an outperform rating in a report on Tuesday, June 25th. Two equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $476.73.

Saia Stock Performance

NASDAQ:SAIA opened at $402.39 on Thursday. The company has a market cap of $10.70 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74. The firm’s 50 day moving average is $419.86 and its two-hundred day moving average is $470.95. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08.

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

Hedge Funds Weigh In On Saia

Several institutional investors and hedge funds have recently made changes to their positions in SAIA. Cim LLC increased its stake in shares of Saia by 7.6% in the second quarter. Cim LLC now owns 594 shares of the transportation company’s stock worth $282,000 after buying an additional 42 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Saia during the 2nd quarter valued at $2,227,000. Brown Financial Advisors acquired a new position in Saia during the 2nd quarter worth $312,000. Clearbridge Investments LLC increased its position in shares of Saia by 67.2% in the 2nd quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company’s stock worth $37,603,000 after purchasing an additional 31,876 shares during the last quarter. Finally, Truist Financial Corp raised its stake in shares of 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 purchasing an additional 5,643 shares in 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.