TD Cowen Cuts Saia (NASDAQ:SAIA) Price Target to $416.00

Saia (NASDAQ:SAIA) had its target price decreased by TD Cowen from $475.00 to $416.00 in a report released on Monday, MarketBeat Ratings reports. TD Cowen currently has a hold rating on the transportation company’s stock.

SAIA has been the topic of a number of other research reports. BMO Capital Markets increased their target price on Saia from $490.00 to $500.00 and gave the stock a market perform rating in a report on Thursday, June 13th. Bank of America increased their target price on Saia from $501.00 to $555.00 and gave the stock a buy rating in a report on Monday, July 22nd. Wells Fargo & Company started coverage on Saia in a report on Friday, June 7th. They set an equal weight rating and a $445.00 target price on the stock. StockNews.com downgraded Saia from a hold rating to a sell rating in a report on Monday, April 29th. Finally, Evercore ISI increased their target price on Saia from $523.00 to $566.00 and gave the stock 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 ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $491.44.

Saia Price Performance

Shares of NASDAQ SAIA opened at $417.85 on Monday. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The business has a 50 day moving average price of $447.70 and a two-hundred day moving average price of $492.98. The company has a quick ratio of 1.23, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a market cap of $11.11 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72.

Institutional Trading of Saia

Large investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc grew its holdings in shares of Saia by 5.7% in the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after acquiring an additional 21 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock worth $110,000 after acquiring an additional 22 shares during the last quarter. LRI Investments LLC grew its holdings in shares of Saia by 6.6% in the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock worth $183,000 after acquiring an additional 24 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Saia by 13.3% in the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after acquiring an additional 26 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after acquiring an additional 27 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.