Saia Inc. (NASDAQ:SAIA)’s share price dropped 2.1% during mid-day trading on Thursday . The stock traded as low as $29.45 and last traded at $29.61, with a volume of 57,745 shares traded. The stock had previously closed at $30.25.

SAIA has been the topic of several recent research reports. Zacks Investment Research cut shares of Saia from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Stifel Nicolaus lowered their price objective on shares of Saia from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. Finally, Cowen and Company lifted their price objective on shares of Saia from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Saia presently has an average rating of “Hold” and a consensus price target of $29.40.

The stock has a market cap of $736.59 million and a price-to-earnings ratio of 16.00. The firm has a 50-day moving average of $28.13 and a 200-day moving average of $27.09.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $312 million for the quarter, compared to analyst estimates of $309.75 million. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. On average, analysts predict 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 company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $28.55, for a total value of $71,375.00. Following the sale, the vice president now owns 16,602 shares of the company’s stock, valued at approximately $473,987.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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).

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