Student Transportation (NASDAQ:STB) (TSE:STB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $6.50 price objective on the transportation company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.07% 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 equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Student Transportation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BMO Capital Markets dropped their target price on shares of Student Transportation from $8.25 to $7.60 and set a “market perform” rating for the company in a report on Friday, September 22nd. National Bank Financial raised shares of Student Transportation from a “sector perform” rating to an “outperform” rating in a report on Thursday, September 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $6.50 target price on shares of Student Transportation in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $6.78.

Student Transportation (NASDAQ:STB) opened at $5.80 on Friday. The firm has a market cap of $541.78, a price-to-earnings ratio of 48.00 and a beta of 0.75. Student Transportation has a fifty-two week low of $5.39 and a fifty-two week high of $6.21. The company has a current ratio of 1.91, a quick ratio of 1.83 and a debt-to-equity ratio of 3.46.

Student Transportation (NASDAQ:STB) (TSE:STB) last released its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. The firm had revenue of $107.43 million for the quarter, compared to the consensus estimate of $106.57 million. Student Transportation had a net margin of 1.59% and a return on equity of 8.30%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) earnings per share. analysts anticipate that Student Transportation will post 0.13 EPS for the current year.

Several institutional investors have recently made changes to their positions in STB. Credit Suisse AG grew its holdings in Student Transportation by 5.1% during the 1st quarter. Credit Suisse AG now owns 60,783 shares of the transportation company’s stock valued at $356,000 after buying an additional 2,938 shares in the last quarter. Stifel Financial Corp lifted its position in Student Transportation by 8.0% in the 2nd quarter. Stifel Financial Corp now owns 50,335 shares of the transportation company’s stock worth $302,000 after buying an additional 3,729 shares during the last quarter. Vanguard Group Inc. lifted its position in Student Transportation by 20.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock worth $186,000 after buying an additional 4,669 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Student Transportation by 12.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 54,729 shares of the transportation company’s stock worth $331,000 after buying an additional 6,161 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in Student Transportation by 40.3% in the second quarter. Wedbush Securities Inc. now owns 21,603 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 6,203 shares during the last quarter. 25.90% of the stock is owned by hedge funds and other institutional investors.

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Student Transportation Company Profile

Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.

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