Student Transportation (STB) Rating Lowered to Hold at Zacks Investment Research

Student Transportation (NASDAQ:STB) (TSE:STB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

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 research analysts have also issued research reports about the company. BMO Capital Markets decreased their target price on Student Transportation from $8.25 to $7.60 and set a “market perform” rating for the company in a research report on Friday, September 22nd. BidaskClub upgraded Student Transportation from a “hold” rating to a “buy” rating in a research note on Sunday, September 24th. Stifel Nicolaus restated a “buy” rating and issued a $6.50 price target on shares of Student Transportation in a research note on Friday, September 22nd. Finally, National Bank Financial upgraded Student Transportation from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.78.

Student Transportation (NASDAQ STB) opened at $5.81 on Friday. Student Transportation has a 52-week low of $5.39 and a 52-week high of $6.21. The stock has a market capitalization of $550.32, a P/E ratio of 48.33 and a beta of 0.70. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.91 and a quick ratio of 1.83.

Student Transportation (NASDAQ:STB) (TSE:STB) last announced its earnings results on Thursday, November 9th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. Student Transportation had a return on equity of 8.30% and a net margin of 1.59%. The firm had revenue of $107.43 million during the quarter, compared to analyst estimates of $106.57 million. During the same quarter in the prior year, the company earned ($0.13) EPS. The business’s revenue was up 5.1% compared to the same quarter last year. research analysts expect that Student Transportation will post 0.13 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of STB. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Student Transportation in the 2nd quarter worth approximately $109,000. Trexquant Investment LP grew its stake in shares of Student Transportation by 105.6% in the 3rd quarter. Trexquant Investment LP now owns 20,561 shares of the transportation company’s stock worth $123,000 after buying an additional 10,561 shares during the last quarter. Wedbush Securities Inc. boosted its stake in Student Transportation by 40.3% during the 2nd 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. Toronto Dominion Bank boosted its stake in Student Transportation by 56.8% during the 2nd quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 8,057 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Student Transportation by 20.1% during the 2nd quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 4,669 shares during the last quarter. Institutional investors own 25.90% of the company’s stock.

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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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