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Analysts at Wells Fargo & Company raised their price target on Saia (NASDAQ:SAIA) to $242.00.

Analysts at Wells Fargo & Company raised their price target on Saia (NASDAQ:SAIA) to $242.00.

Wells Fargo & Company raised its price target for Saia (NASDAQ: SAIA), moving it from $230.00 to $242.00 in a research report published on Wednesday. Benzinga was the source of the information that we gathered. The company in question has been given the status of having shares that are “overweight,” which means that they are more valuable than average. Compared to the stock’s current price, the price that Wells Fargo & Company has determined to be its target price for the stock may increase by up to 16.01 percent in the future.
Analysts from a wide variety of firms have recently been examining the company’s share price. In a report made accessible to the general public on Thursday, December 29th, rated Saia’s stock as having a “sell” recommendation as their recommendation for the investment. In a research report made available to the public on Thursday, October 13th, Citigroup announced that they had raised their price target on Saia shares to $232.00. Credit Suisse Group gave the company an “outperform” rating and decreased their target price on Saia shares from $284.00 to $269.00 in a research note published on Friday, December 2nd. Wolfe Research downgraded Saia from an “outperform” rating to a “peer perform” rating in a research report published on Thursday, November 17th.
Last but not least, in a report released on November 28th, Deutsche Bank Aktiengesellschaft increased its price objective on Saia, moving it up from its previous level of $281.00 to $296.00. From the various financial analysts, there have been three recommendations to sell the stock, three to keep the stock, and six to purchase the stock. According to information made available by Bloomberg, the current consensus regarding the company is to “hold” its shares, and the price target has been established at $257.20.
On Wednesday, the starting price of a share of SAIA shares was $208.61. During its 52-week trading range, Saia experienced a new all-time low of $168.03 and a new all-time high of $322.28. The moving average of the company’s stock price over the past 50 days is $224.21, and the moving average over the past 200 days is $212.58. At the moment, the debt-to-equity ratio is equal to zero, while the quick ratio stands at 1.63, and the current ratio is also equal to 1.63. The stock is trading at a market capitalization of $5.52 billion, a price-to-earnings ratio of 15.44, and a price-to-earnings-to-growth ratio of 1.03. The stock’s beta value is 1.45, and it has a price-to-earnings-to-growth ratio of 1.03.
The most recent earnings report for Saia, traded under the ticker symbol NASDAQ: SAIA was released on October 31st. The transportation company’s quarterly report revealed that it had profits per share of $3.67, which is $0.01 less than the average estimate of $3.68 provided by analysts. In addition, the return on equity for Saia was calculated to be 26.58%, and the net margin for the business was 13.09%. According to the analysts’ projections, the company’s sales for the next fiscal quarter could range from $718.75 million to $729.56 million. According to projections made by market experts, Saia will rake in profits equivalent to 13.63 cents per share during the current fiscal year.
During the most recent period, several institutional investors engaged in buying and selling transactions involving company shares. During the first three months of the year, HighTower Advisors LLC increased its investment in Saia by approximately 422,000 dollars more than it had done so previously. During the first three months of 2018, Rhumbline Advisers made a 2.9% purchase of additional Saia stock, bringing the total amount of the company’s ownership in the company’s stock to 100%. Following acquiring a further 2,083 shares during the most recent period, Rhumbline Advisers now owns 74,474 stock held by the transportation company. The value of these 74,474 shares brings the firm’s stock holdings to a total of $18,158,000. In addition, the Commonwealth of Pennsylvania Public School Employees Retirement System increased the total amount of SAIA owned by 10.5% over the year’s first three months. After acquiring an additional 920 shares of the transportation company’s stock during the most recent period, Commonwealth of Pennsylvania Public School Empls Retreat SYS now owns 9,652 shares of the company’s stock. The current market price of all 9,652 shares is $2,353,000, making the total value of this investment $2,353,000. APG Asset Management N.V. increased the proportion of Saia owned by 56%. This growth occurred during the first three months of the year. After purchasing an additional 2,900 shares during the most recent quarter, APG Asset Management N.V. now has a total of 8,000 shares of the stock in the transportation company, with a combined value of $1,753,000. This brings the total number of shares owned by the company to 8,000. Not to be outdone, the Great West Life Assurance Company of Canada raised its stake in Saia by 7.4% during the first three months of the current year. Great West Life Assurance Company of Canada has a total of 14,397 shares of the transportation company’s stock following the purchase of 994 additional shares during the period in question. These shares have a current value of $3,608,000.
Through the various companies it has founded, Saia, Inc. carries out its duties as a provider of transportation services across the entirety of North America. In addition to providing less-than-truckload services, the company also provides expedited and logistical services and non-asset truckload services for shipments weighing between 400 and 10,000 pounds. These services can be combined with the less-than-truckload services or offered separately. It had approximately 5,600 tractors and 19,300 trailers in its possession as of December 31st, 2021, when it was operating out of 176 facilities, some of which it owned and some of which it leased.


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