Shares of Saia Inc. (NASDAQ:SAIA) rose 3.3% during mid-day trading on Tuesday . The stock traded as high as $31.13 and last traded at $31.00, with a volume of 237,253 shares trading hands. The stock had previously closed at $30.02.

SAIA has been the topic of several research reports. Stifel Nicolaus cut their price objective on Saia from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. Cowen and Company upped their price objective on Saia from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Finally, Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Saia presently has a consensus rating of “Hold” and a consensus target price of $29.40.

The stock has a 50-day moving average price of $27.70 and a 200 day moving average price of $27.03. The firm has a market capitalization of $769.64 million and a price-to-earnings ratio of 16.72.

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 the Thomson Reuters’ consensus estimate of $0.55 by $0.03. During the same quarter in the prior year, the company posted $0.75 earnings per share. The firm earned $312 million during the quarter, compared to the consensus estimate of $309.75 million. The business’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate 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 the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $28.55, for a total value of $71,375.00. Following the sale, the vice president now directly owns 16,602 shares of the company’s stock, valued at $473,987.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.