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Saia (NASDAQ:SAIA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Monday. They currently have a $51.20 price target on the stock. Zacks‘s price target would indicate a potential upside of 7.86% from the stock’s previous close.

Shares of Saia (NASDAQ:SAIA) traded up 0.61% on Monday, hitting $47.47. 117,577 shares of the company’s stock traded hands. Saia has a 52 week low of $29.32 and a 52 week high of $49.85. The stock’s 50-day moving average is $46.38 and its 200-day moving average is $41.66. The company has a market cap of $1.163 billion and a P/E ratio of 27.75.

Saia (NASDAQ:SAIA) last announced its earnings results on Wednesday, July 30th. The company reported $0.53 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.54 earnings per share. Saia’s revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Saia will post $1.99 earnings per share for the current fiscal year.

Separately, 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. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.64.

In other Saia news, CEO Richard D. Odell sold 16,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $48.22, for a total transaction of $771,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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