Saia (NASDAQ:SAIA) Price Target Lowered to $260.00 at Wells Fargo & Company

Saia (NASDAQ:SAIA - Free Report) had its target price cut by Wells Fargo & Company from $400.00 to $260.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the transportation company's stock.

SAIA has been the subject of a number of other reports. Stephens reissued an "overweight" rating and issued a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a report on Friday, March 7th. They set a "buy" rating and a $570.00 price target on the stock. Stifel Nicolaus decreased their target price on shares of Saia from $524.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. TD Cowen raised their target price on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Finally, Barclays reduced their price target on shares of Saia from $475.00 to $290.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Saia has an average rating of "Hold" and an average price target of $342.58.

Saia Stock Performance

Shares of SAIA traded up $22.17 during mid-day trading on Monday, hitting $262.33. The stock had a trading volume of 1,588,027 shares, compared to its average volume of 487,244. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.99 billion, a PE ratio of 19.42, a PEG ratio of 2.24 and a beta of 2.03. The company's fifty day simple moving average is $344.04 and its two-hundred day simple moving average is $441.92.

Saia (NASDAQ:SAIA - Get Free Report) last issued its 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). The business had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.38 EPS. On average, equities analysts expect that Saia will post 15.46 earnings per share for the current year.

Insider Transactions at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now directly owns 8,629 shares of the company's stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last quarter. Company insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kestra Investment Management LLC bought a new position in Saia in the 4th quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after acquiring an additional 38 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. Atala Financial Inc acquired a new position in shares of Saia during the fourth quarter worth $36,000. Finally, Huntington National Bank grew its stake in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after purchasing an additional 70 shares during the last quarter.

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.