Wells Fargo & Company Issues Pessimistic Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price target dropped by equities researchers at Wells Fargo & Company from $510.00 to $400.00 in a note issued to investors on Thursday, March 27th,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 24.59% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Susquehanna upped their target price on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. The Goldman Sachs Group boosted their price objective on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a report on Monday, February 24th. Finally, TD Cowen upped their target price on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average target price of $509.72.

Saia Stock Performance

NASDAQ:SAIA traded down $49.76 during mid-day trading on Thursday, hitting $321.06. 378,471 shares of the company traded hands, compared to its average volume of 432,210. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia has a one year low of $318.75 and a one year high of $624.55. The stock’s fifty day moving average price is $423.44 and its 200-day moving average price is $463.36. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter last year, the firm posted $3.33 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last ninety days. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in Saia by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after acquiring an additional 26 shares in the last quarter. Core Wealth Advisors Inc. boosted its stake in Saia by 3.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company’s stock worth $319,000 after purchasing an additional 26 shares in the last quarter. Arizona State Retirement System grew its position in Saia by 0.4% during the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after purchasing an additional 29 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Saia by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Saia by 1.0% in the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after buying an additional 37 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.