Saia Inc. (NASDAQ:SAIA)’s share price shot up 1.7% on Wednesday . The company traded as high as $30.43 and last traded at $30.43, with a volume of 113,312 shares. The stock had previously closed at $29.92.

A number of research firms have recently weighed in on SAIA. Cowen and Company boosted their price target on Saia from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, August 1st. Zacks Investment Research downgraded Saia from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Finally, Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Saia currently has an average rating of “Hold” and an average price target of $29.40.

The stock has a market capitalization of $754.62 million and a PE ratio of 16.39. The stock’s 50 day moving average price is $27.34 and its 200-day moving average price is $26.79.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. The business earned $312 million during the quarter, compared to analysts’ expectations of $309.75 million. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, analysts forecast that Saia Inc. will post $1.85 EPS for the current year.

In other news, VP Mark H. Robinson sold 2,500 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $28.55, for a total transaction of $71,375.00. Following the completion of the sale, the vice president now owns 16,602 shares in the company, valued at approximately $473,987.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).

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