Wells Fargo & Company Cuts Saia (NASDAQ:SAIA) Price Target to $400.00

Saia (NASDAQ:SAIA) had its price objective dropped by Wells Fargo & Company from $490.00 to $400.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 13.82% from the stock’s previous close.

A number of other research analysts have also commented on the company. Citigroup raised Saia from a “neutral” rating to a “buy” rating and lowered their price target for the company from $524.00 to $488.00 in a research report on Thursday, July 9th. TD Cowen increased their target price on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. Morgan Stanley raised their price target on shares of Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. UBS Group set a $504.00 price objective on Saia in a report on Friday. Finally, Raymond James Financial decreased their target price on shares of Saia from $477.00 to $475.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $453.39.

Saia Price Performance

Saia stock traded up $0.81 during midday trading on Friday, reaching $351.44. 135,509 shares of the stock were exchanged, compared to its average volume of 491,041. The company’s fifty day moving average is $439.83 and its 200-day moving average is $406.22. Saia has a 52 week low of $249.32 and a 52 week high of $494.71. The firm has a market cap of $9.37 billion, a PE ratio of 36.97, a PEG ratio of 1.85 and a beta of 2.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.13. The firm had revenue of $956.49 million for the quarter, compared to analysts’ expectations of $956.20 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company posted $2.67 EPS. On average, sell-side analysts forecast that Saia will post 11.46 EPS for the current year.

Hedge Funds Weigh In On Saia

Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in Saia by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after purchasing an additional 43,690 shares in the last quarter. Viking Global Investors LP increased its position in shares of Saia by 67.2% during the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after purchasing an additional 556,229 shares during the last quarter. Invesco Ltd. raised its stake in shares of Saia by 31.7% in the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after acquiring an additional 222,494 shares during the period. Wasatch Advisors LP boosted its position in shares of Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after buying an additional 166,486 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Saia by 8.6% during the 1st quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock valued at $282,529,000 after acquiring an additional 63,486 shares during the period.

Key Headlines Impacting Saia

Here are the key news stories impacting Saia this week:

• Positive Sentiment: Stifel upgraded Saia from “hold” to “buy” and assigned a $438 price target, signaling confidence in the company’s long-term prospects after the recent selloff. Finviz analyst upgrade
• Positive Sentiment: Q2 results exceeded earnings expectations: diluted EPS rose 31.4% year over year to $3.51, above the approximately $3.34–$3.38 consensus range. Revenue increased 17.1% to a record $956.5 million, operating income climbed 26% to $125.2 million, and the operating ratio improved to 86.9%. LTL tonnage per workday increased 8.4%, while shipments rose 4.4%. Saia second-quarter results
• Neutral Sentiment: Saia ended June with $84 million in cash and $100.1 million of debt, while first-half net capital expenditures were $158 million. Management expects full-year 2026 capital expenditures of approximately $350 million to $400 million, supporting network expansion but requiring substantial cash investment.
• Negative Sentiment: Third-quarter margin guidance disappointed investors. Management expects approximately 100 basis points of sequential operating-ratio deterioration, citing a company-wide wage increase, higher diesel and purchased-transportation costs, and elevated insurance and workers’ compensation expenses. Saia third-quarter margin outlook
• Negative Sentiment: July volume trends were mixed: tonnage increased roughly 7.5% month to date, but shipment growth was only about 1% following Saia’s 7.1% general rate increase, raising concerns about pricing and demand. Saia stock analysis

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.