Zacks Investment Research upgraded shares of Student Transportation Inc. (NASDAQ:STB) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $6.75 target price on the stock.
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 reports about the company. BMO Capital Markets reiterated a hold rating on shares of Student Transportation in a research report on Sunday, September 18th. Scotiabank reiterated a sector perform rating and issued a $6.75 price target (up from $6.50) on shares of Student Transportation in a research report on Sunday, August 21st. Finally, Barrington Research began coverage on Student Transportation in a report on Thursday, July 21st. They set an outperform rating and a $7.50 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $7.17.
Student Transportation (NASDAQ:STB) opened at 5.90 on Wednesday. The firm has a 50-day moving average of $5.82 and a 200-day moving average of $5.26. The firm has a market cap of $542.23 million, a P/E ratio of 98.33 and a beta of 0.74. Student Transportation has a 12-month low of $3.02 and a 12-month high of $6.08.
Student Transportation (NASDAQ:STB) last issued its earnings results on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business earned $166.20 million during the quarter. Student Transportation had a return on equity of 4.40% and a net margin of 1.01%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, analysts expect 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 paid a $0.0367 dividend. This represents a $0.44 annualized dividend and a yield of 7.46%. The ex-dividend date is Thursday, October 27th. Student Transportation’s payout ratio is 628.57%.
Large investors have recently added to or reduced their stakes in the company. Scotia Capital Inc. raised its stake in Student Transportation by 2.7% in the second quarter. Scotia Capital Inc. now owns 595,224 shares of the company’s stock worth $3,046,000 after buying an additional 15,371 shares in the last quarter. Guardian Capital LP acquired a new stake in Student Transportation during the second quarter worth approximately $1,404,000. Royal Bank of Canada raised its stake in Student Transportation by 2.0% in the second quarter. Royal Bank of Canada now owns 250,707 shares of the company’s stock worth $1,289,000 after buying an additional 4,868 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Student Transportation during the second quarter worth approximately $1,222,000. Finally, Swiss National Bank raised its stake in 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 in the last quarter. 21.06% of the stock is currently owned by institutional investors.
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