Student Transportation Inc. (STB) Raised 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 report released on Wednesday. The brokerage presently has a $6.75 price target on the stock. Zacks Investment Research’s target price suggests a potential upside of 14.02% from the company’s previous close.
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. “
STB has been the subject of several other research reports. Barrington Research boosted their price objective on shares of Student Transportation from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, September 15th. Scotiabank reaffirmed a “sector perform” rating and set a $6.75 price objective (up previously from $6.50) on shares of Student Transportation in a research note on Sunday, August 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Student Transportation in a research note on Sunday, September 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Student Transportation presently has a consensus rating of “Hold” and a consensus price target of $7.17.
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Student Transportation (NASDAQ:STB) opened at 5.92 on Wednesday. Student Transportation has a 12 month low of $3.02 and a 12 month high of $6.08. The firm’s 50 day moving average is $5.79 and its 200-day moving average is $5.25. The firm has a market cap of $544.07 million, a price-to-earnings ratio of 98.67 and a beta of 0.74.
Student Transportation (NASDAQ:STB) last issued its quarterly earnings data on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The company earned $166.20 million during the quarter. Student Transportation had a net margin of 1.01% and a return on equity of 4.40%. Student Transportation’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. On average, equities analysts forecast that Student Transportation will post $0.10 EPS for the current year.
The business 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. The ex-dividend date is Thursday, October 27th. This represents a $0.44 annualized dividend and a yield of 7.43%. Student Transportation’s payout ratio is presently 628.57%.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of Student Transportation during the second quarter valued at about $451,000. Credit Agricole S A acquired a new stake in shares of Student Transportation during the first quarter worth $507,000. Swiss National Bank raised 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 last quarter. Commonwealth Equity Services Inc raised 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 last quarter. Finally, Monarch Partners Asset Management LLC raised 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 last quarter. Institutional investors and hedge funds own 21.08% of the company’s stock.
About Student Transportation
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