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

Saia (NASDAQ:SAIA – Get Rating) had its price objective upped by equities researchers at Wells Fargo & Company from $273.00 to $290.00 in a note issued to investors on Tuesday, The Fly reports. Wells Fargo & Company‘s price objective points to a potential upside of 38.83% from the company’s previous close.

Several other equities analysts also recently weighed in on SAIA. Susquehanna decreased their price target on shares of Saia from $400.00 to $380.00 in a research note on Thursday, February 3rd. Bank of America downgraded shares of Saia from a “buy” rating to a “neutral” rating and set a $222.00 price target on the stock. in a research note on Friday, April 8th. Susquehanna Bancshares decreased their price target on shares of Saia from $400.00 to $380.00 in a research note on Thursday, February 3rd. Stephens raised their price target on shares of Saia from $380.00 to $390.00 in a research note on Tuesday, January 4th. Finally, Morgan Stanley raised their price target on shares of Saia from $200.00 to $204.00 and gave the stock an “underweight” rating in a research note on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $316.46.

SAIA opened at $208.89 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.03. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.80 and a beta of 1.37. Saia has a 52-week low of $187.02 and a 52-week high of $365.50. The firm’s fifty day simple moving average is $243.73 and its two-hundred day simple moving average is $284.53.

Saia (NASDAQ:SAIA – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The transportation company reported $2.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.72 by $0.26. The business had revenue of $661.20 million for the quarter, compared to the consensus estimate of $633.80 million. Saia had a net margin of 11.06% and a return on equity of 22.60%. The company’s revenue was up 36.6% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. On average, research analysts forecast that Saia will post 12.23 EPS for the current year.

In other Saia news, Director Richard D. Odell sold 15,000 shares of Saia stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $289.79, for a total transaction of $4,346,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Di-Ann Eisnor sold 600 shares of Saia stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $268.90, for a total transaction of $161,340.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,524 shares of company stock valued at $5,623,116. Company insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley grew its holdings in shares of Saia by 102.8% in the second quarter. Morgan Stanley now owns 141,125 shares of the transportation company’s stock valued at $29,563,000 after purchasing an additional 71,539 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Saia by 6.6% in the third quarter. Raymond James & Associates now owns 10,662 shares of the transportation company’s stock valued at $2,538,000 after purchasing an additional 656 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Saia by 59.5% in the third quarter. Van ECK Associates Corp now owns 539 shares of the transportation company’s stock valued at $128,000 after purchasing an additional 201 shares in the last quarter. Xponance Inc. grew its holdings in shares of Saia by 151.1% in the third quarter. Xponance Inc. now owns 4,180 shares of the transportation company’s stock valued at $995,000 after purchasing an additional 2,515 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in shares of Saia by 122.0% in the third quarter. Advisor Group Holdings Inc. now owns 968 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 532 shares in the last quarter.

About Saia (Get Rating)

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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