Shares of Saia Inc. (NASDAQ:SAIA) shot up 1.2% during trading on Wednesday . The company traded as high as $30.85 and last traded at $30.30, with a volume of 177,450 shares trading hands. The stock had previously closed at $29.94.

A number of brokerages recently commented on SAIA. Cowen and Company upped their price target on shares of Saia from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Zacks Investment Research cut shares of Saia from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. TheStreet upgraded shares of Saia from a “hold” rating to a “buy” rating in a research note on Friday, August 26th. Finally, Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned 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 a consensus target price of $29.40.

The company has a 50-day moving average price of $28.34 and a 200 day moving average price of $27.13. The company has a market cap of $761.88 million and a PE ratio of 16.55.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $312 million for the quarter, compared to analysts’ expectations of $309.75 million. During the same period in the previous year, the company earned $0.75 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts expect that Saia Inc. will post $1.85 earnings per share for the current fiscal year.

In other news, VP Mark H. Robinson sold 2,500 shares of Saia stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $28.55, for a total value of $71,375.00. Following the completion of the sale, the vice president now directly owns 16,602 shares in the company, valued at $473,987.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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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