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Saia (NASDAQ:SAIA) reached a new 52-week high during trading on Wednesday , Analyst Ratings Network.com reports. The company traded as high as $48.23 and last traded at $48.07, with a volume of 69,879 shares trading hands. The stock had previously closed at $47.11.

A number of research firms have recently commented on SAIA. Analysts at Zacks upgraded shares of Saia from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $49.20 price target on the stock. Analysts at Wunderlich reiterated a “buy” rating on shares of Saia in a research note on Thursday, July 31st. They now have a $54.00 price target on the stock, up previously from $48.00. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $46.24.

The stock has a 50-day moving average of $45.07 and a 200-day moving average of $40.27. The company has a market cap of $1.172 billion and a P/E ratio of 27.71.

Saia (NASDAQ:SAIA) last announced its earnings results on Wednesday, July 30th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.17. The company had revenue of $330.00 million for the quarter, compared to the consensus estimate of $321.33 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Saia will post $1.99 earnings per share for the current fiscal year.

Saia, Inc (NASDAQ:SAIA), through its wholly owned subsidiaries, is a transportation company.

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