Saia (NASDAQ:SAIA – Get Rating) had its price target lifted by stock analysts at Deutsche Bank Aktiengesellschaft from $245.00 to $281.00 in a research report issued on Monday, The Fly reports. The firm currently has a “buy” rating on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 7.42% from the stock’s current price.
Several other equities analysts have also recently commented on the company. Susquehanna Bancshares boosted their target price on Saia from $265.00 to $270.00 in a research report on Thursday, July 28th. Stifel Nicolaus reduced their target price on Saia from $238.00 to $229.00 in a research report on Thursday, July 28th. Morgan Stanley reduced their target price on Saia from $195.00 to $185.00 and set an “underweight” rating for the company in a research report on Monday, October 3rd. Wells Fargo & Company reduced their target price on Saia from $242.00 to $238.00 and set an “overweight” rating for the company in a research report on Wednesday, October 12th. Finally, Citigroup boosted their target price on Saia to $232.00 in a research report on Thursday, October 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.00.
Saia Stock Performance
NASDAQ:SAIA opened at $261.59 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. Saia has a 52-week low of $168.03 and a 52-week high of $365.50. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.07 and a beta of 1.38. The business’s fifty day moving average is $202.15 and its 200 day moving average is $205.87.
Insider Activity at Saia
Institutional Investors Weigh In On Saia
Several hedge funds have recently modified their holdings of SAIA. Price T Rowe Associates Inc. MD boosted its stake in shares of Saia by 157.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,500,405 shares of the transportation company’s stock worth $658,076,000 after acquiring an additional 2,140,625 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Saia by 49.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock worth $173,648,000 after purchasing an additional 236,105 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Saia by 100.9% during the 3rd quarter. Macquarie Group Ltd. now owns 323,604 shares of the transportation company’s stock worth $61,550,000 after purchasing an additional 162,558 shares during the last quarter. Capital International Investors raised its position in shares of Saia by 10.2% during the 1st quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock worth $386,089,000 after purchasing an additional 146,262 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Saia during the 2nd quarter worth about $27,128,000.
Saia Company Profile
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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