BidaskClub Upgrades Student Transportation (STB) to Buy

Student Transportation (NASDAQ:STB) (TSE:STB) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.

STB has been the topic of several other reports. BMO Capital Markets lowered their price objective on Student Transportation from $8.25 to $7.60 and set a “market perform” rating on the stock in a report on Friday, September 22nd. Zacks Investment Research cut Student Transportation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. National Bank Financial upgraded Student Transportation from a “sector perform” rating to an “outperform” rating in a report on Thursday, September 21st. Finally, Stifel Nicolaus restated a “buy” rating and set a $6.50 target price on shares of Student Transportation in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $6.87.

Student Transportation (NASDAQ STB) traded up $0.06 during mid-day trading on Friday, reaching $6.24. The company had a trading volume of 125,800 shares, compared to its average volume of 203,186. 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 has a 12 month low of $5.39 and a 12 month high of $6.26. The firm has a market cap of $586.37, a PE ratio of 52.00 and a beta of 0.73.

Student Transportation (NASDAQ:STB) (TSE:STB) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $107.43 million for the quarter, compared to analysts’ expectations of $106.57 million. During the same period in the previous year, the firm posted ($0.13) EPS. Student Transportation’s revenue was up 5.1% compared to the same quarter last year. equities research analysts anticipate that Student Transportation will post 0.13 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. EJF Capital LLC boosted its holdings in shares of Student Transportation by 50.0% during the 3rd quarter. EJF Capital LLC now owns 75,000 shares of the transportation company’s stock worth $448,000 after purchasing an additional 25,000 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Student Transportation during the 3rd quarter worth approximately $395,000. Trexquant Investment LP boosted its holdings in shares of Student Transportation by 105.6% during the 3rd quarter. Trexquant Investment LP now owns 20,561 shares of the transportation company’s stock worth $123,000 after purchasing an additional 10,561 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Student Transportation by 74.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 376,800 shares of the transportation company’s stock worth $2,265,000 after purchasing an additional 160,600 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Student Transportation by 29.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 52,210 shares of the transportation company’s stock worth $312,000 after purchasing an additional 11,900 shares during the last quarter. Institutional investors and hedge funds own 25.85% 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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