Saia (NASDAQ:SAIA) Price Target Raised to $290.00 at Wells Fargo & Company

Saia (NASDAQ:SAIA - Free Report) had its price target boosted by Wells Fargo & Company from $260.00 to $290.00 in a report issued on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the transportation company's stock.

SAIA has been the subject of several other reports. Deutsche Bank Aktiengesellschaft downgraded Saia from a "buy" rating to a "hold" rating and set a $273.00 price objective for the company. in a research report on Thursday, May 1st. The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $387.00 to $410.00 in a research report on Monday, June 2nd. Wall Street Zen upgraded Saia to a "sell" rating in a research report on Tuesday, May 13th. Stifel Nicolaus set a $277.00 price objective on Saia in a research report on Monday, April 28th. Finally, Susquehanna cut their price objective on Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $335.42.

Saia Price Performance

Shares of SAIA stock traded down $8.90 during midday trading on Monday, reaching $285.89. 736,014 shares of the company traded hands, compared to its average volume of 528,057. The firm's 50 day simple moving average is $268.24 and its two-hundred day simple moving average is $363.20. Saia has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $7.61 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 7.72 and a beta of 1.98.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a net margin of 9.91% and a return on equity of 14.21%. The company had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same quarter in the previous year, the business posted $3.38 earnings per share. Saia's revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Saia will post 15.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently made changes to their positions in SAIA. Alliancebernstein L.P. lifted its holdings in shares of Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after acquiring an additional 794,197 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after buying an additional 371,232 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Saia by 35.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company's stock worth $421,705,000 after buying an additional 315,514 shares in the last quarter. Select Equity Group L.P. acquired a new position in Saia in the 4th quarter worth $137,199,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Saia by 11.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock worth $989,452,000 after buying an additional 288,746 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.