Student Transportation Inc. (STB) Lifted to “Buy” at Zacks Investment Research
Student Transportation Inc. (NASDAQ:STB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $6.75 price objective on the stock. Zacks Investment Research’s target price would indicate a potential upside of 14.02% from the stock’s current price.
According to Zacks, “Student Transportation Inc. provides school bus transportation services in the United States and Canada. Its services are delivered by drivers, dispatchers, maintenance technicians and terminal managers. Student Transportation Inc., formerly known as Student Transportation of America, Ltd., is based in Barrie, Canada. “
Other analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a “hold” rating on shares of Student Transportation in a research note on Sunday, September 18th. Scotiabank restated a “sector perform” rating and set a $6.75 target price (up previously from $6.50) on shares of Student Transportation in a research report on Sunday, August 21st. Finally, Barrington Research initiated coverage on shares of Student Transportation in a research report on Thursday, July 21st. They set an “outperform” rating and a $7.50 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.17.
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Shares of Student Transportation (NASDAQ:STB) opened at 5.92 on Wednesday. The stock has a market cap of $544.07 million, a PE ratio of 98.67 and a beta of 0.74. The stock’s 50 day moving average is $5.79 and its 200-day moving average is $5.25. Student Transportation has a 1-year low of $3.02 and a 1-year high of $6.08.
Student Transportation (NASDAQ:STB) last announced its quarterly earnings data on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Student Transportation had a net margin of 1.01% and a return on equity of 4.40%. The firm earned $166.20 million during the quarter. During the same quarter last year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that Student Transportation will post $0.10 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be given a dividend of $0.0367 per share. This represents a $0.44 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Thursday, October 27th. Student Transportation’s payout ratio is currently 628.57%.
Several large investors have recently modified their holdings of STB. Bank of Montreal Can purchased a new stake in shares of Student Transportation during the second quarter worth approximately $451,000. Credit Agricole S A purchased a new stake in shares of Student Transportation during the first quarter worth approximately $507,000. Swiss National Bank increased its stake in shares of Student Transportation by 4.8% in the second quarter. Swiss National Bank now owns 134,557 shares of the company’s stock worth $688,000 after buying an additional 6,224 shares during the period. Commonwealth Equity Services Inc increased its stake in shares of Student Transportation by 28.4% in the second quarter. Commonwealth Equity Services Inc now owns 30,230 shares of the company’s stock worth $155,000 after buying an additional 6,687 shares during the period. Finally, Monarch Partners Asset Management LLC increased its stake in shares of Student Transportation by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 71,920 shares of the company’s stock worth $370,000 after buying an additional 13,480 shares during the period. Institutional investors and hedge funds own 21.08% of the company’s stock.
About Student Transportation
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