Saia (NASDAQ:SAIA) Given a $212.00 Price Target at Citigroup

Citigroup set a $212.00 price objective on Saia (NASDAQ:SAIAGet Rating) in a report issued on Tuesday morning, Stock Target Advisor reports.

Several other brokerages also recently weighed in on SAIA. Bank of America downgraded shares of Saia from a buy rating to a neutral rating and set a $222.00 target price for the company. in a research note on Friday, April 8th. Raymond James dropped their price objective on shares of Saia from $275.00 to $235.00 in a research note on Friday, July 15th. The Goldman Sachs Group dropped their price objective on shares of Saia from $291.00 to $257.00 and set a neutral rating for the company in a research note on Tuesday, June 7th. UBS Group raised shares of Saia from a neutral rating to a buy rating and upped their price objective for the company from $213.00 to $240.00 in a research note on Monday, May 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Saia from $290.00 to $238.00 and set an overweight rating for the company in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $288.31.

Saia Trading Up 5.4 %

Shares of SAIA stock opened at $209.40 on Tuesday. The firm has a 50-day moving average price of $193.96 and a 200 day moving average price of $235.05. Saia has a twelve month low of $168.03 and a twelve month high of $365.50. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.69 and a beta of 1.34. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.02.

Saia (NASDAQ:SAIAGet Rating) last announced its earnings results on Monday, May 2nd. The transportation company reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.28. Saia had a net margin of 11.98% and a return on equity of 24.76%. The firm had revenue of $661.20 million during the quarter, compared to the consensus estimate of $633.80 million. During the same quarter in the previous year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 36.6% on a year-over-year basis. Research analysts forecast that Saia will post 12.84 earnings per share for the current fiscal year.

Institutional Trading of Saia

A number of institutional investors have recently modified their holdings of SAIA. National Bank of Canada FI purchased a new position in Saia in the 4th quarter worth approximately $31,000. Sageworth Trust Co of South Dakota purchased a new position in Saia in the 4th quarter worth approximately $34,000. TCI Wealth Advisors Inc. boosted its holdings in Saia by 87.4% in the 1st quarter. TCI Wealth Advisors Inc. now owns 163 shares of the transportation company’s stock worth $40,000 after acquiring an additional 76 shares during the period. Meeder Asset Management Inc. purchased a new position in Saia in the 1st quarter worth approximately $54,000. Finally, CWM LLC purchased a new position in Saia in the 4th quarter worth approximately $61,000.

About Saia

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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.

Further Reading

Analyst Recommendations for Saia (NASDAQ:SAIA)

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