Saia (NASDAQ:SAIA) Price Target Cut to $370.00 by Analysts at Wells Fargo & Company

Saia (NASDAQ:SAIA) had its price target decreased by stock analysts at Wells Fargo & Company from $400.00 to $370.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 6.67% from the stock’s current price.

A number of other analysts have also recently commented on SAIA. Citigroup reiterated a “cautious” rating on shares of Saia in a research note on Wednesday, October 7th. Sanford C. Bernstein started coverage on shares of Saia in a research note on Thursday, September 10th. They issued an “outperform” rating and a $439.00 price target for the company. Barclays cut their target price on shares of Saia from $500.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Susquehanna dropped their price target on Saia from $412.00 to $360.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Saia in a report on Thursday. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $436.00.

Saia Stock Performance

Shares of SAIA stock traded up $3.80 during mid-day trading on Friday, reaching $346.87. 246,072 shares of the company’s stock traded hands, compared to its average volume of 462,645. The firm has a market capitalization of $9.25 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.62 and a beta of 2.19. Saia has a 12 month low of $249.32 and a 12 month high of $494.71. The firm has a 50 day moving average price of $342.33 and a two-hundred day moving average price of $387.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.11. The business had revenue of $982.45 million for the quarter, compared to the consensus estimate of $966.98 million. Saia had a return on equity of 10.21% and a net margin of 8.19%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 EPS. On average, research analysts forecast that Saia will post 11.43 EPS for the current year.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently made changes to their positions in the business. Azimuth Capital Investment Management LLC acquired a new stake in shares of Saia in the second quarter worth $9,789,000. Montag A & Associates Inc. bought a new stake in shares of Saia during the 1st quarter worth $1,505,000. Marks Group Wealth Management Inc grew its holdings in Saia by 32.9% in the 1st quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company’s stock valued at $6,688,000 after buying an additional 4,717 shares during the last quarter. London Co. of Virginia boosted its holdings in Saia by 10.5% in the 1st quarter. London Co. of Virginia now owns 86,774 shares of the transportation company’s stock valued at $30,484,000 after purchasing an additional 8,255 shares during the period. Finally, California State Teachers Retirement System grew its position in Saia by 23.1% during the first quarter. California State Teachers Retirement System now owns 30,917 shares of the transportation company’s stock worth $10,861,000 after buying an additional 5,810 shares in the last quarter.

Key Headlines Impacting Saia

Here are the key news stories impacting Saia this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Saia reported diluted EPS of $3.41, above the roughly $3.30–$3.31 analyst consensus, while revenue rose 17.0% year over year to a record $982.5 million versus expectations of approximately $967.0 million. EPS increased from $3.22 a year earlier, or $2.81 after excluding a prior-year real-estate gain. Saia Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Freight demand and pricing improved. LTL tonnage per workday reached a record and increased 8.9%, while revenue per shipment excluding fuel surcharges rose 5.8%. Operating income increased 3.1% to $122.3 million, and year-to-date free cash flow exceeded $240 million. Saia’s Expanded Terminal Network Delivers Record Revenue and Tonnage
• Positive Sentiment: Shareholder returns received a boost. Saia authorized a $250 million stock-repurchase program, supported by $202.5 million of cash and only $100 million of total debt. Buybacks can support per-share results and signal management confidence in the company’s valuation and cash-generation capacity. Saia Authorizes a Buyback Plan
• Neutral Sentiment: Saia appointed transportation and logistics veteran Todd C. Fowler to its board and Audit Committee, adding capital-markets, autonomous-trucking and supply-chain technology expertise. The appointment is strategically supportive but is unlikely to materially affect near-term results. Saia Appoints Todd Fowler to Board
• Negative Sentiment: Margins remain a concern. The operating ratio increased to 87.6% from 85.9% a year earlier, indicating that expenses grew faster than operating efficiency improved. Revenue per hundredweight excluding fuel surcharges declined 2.2%, and continued network investment—including expected 2026 capital expenditures of about $350 million—could pressure returns if growth moderates. Saia Reports Third Quarter 2026 Results

Saia Company Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Through its primary subsidiary, Saia LTL Freight, the company provides less-than-truckload transportation, moving palletized and other freight shipments that do not require a full trailer. Its services include standard and time-definite delivery, expedited transportation, guaranteed services, and shipment tracking.

Saia also provides non-asset-based logistics services through Saia Logistics Services, which helps customers arrange freight transportation using third-party carriers.