BidaskClub upgraded shares of Student Transportation (NASDAQ:STB) (TSE:STB) from a sell rating to a hold rating in a report issued on Saturday, December 30th.
Several other equities analysts have also recently issued reports on STB. Zacks Investment Research upgraded Student Transportation from a hold rating to a buy rating and set a $6.50 price target on the stock in a research report on Friday, December 1st. National Bank Financial raised Student Transportation from a sector perform rating to an outperform rating in a report on Thursday, September 21st. Stifel Nicolaus reaffirmed a buy rating and issued a $6.50 price objective on shares of Student Transportation in a report on Friday, September 22nd. Finally, BMO Capital Markets decreased their price target on Student Transportation from $8.25 to $7.60 and set a market perform rating on the stock in a research note on Friday, September 22nd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $7.12.
Student Transportation (NASDAQ STB) opened at $6.21 on Friday. The company has a market capitalization of $587.32, a price-to-earnings ratio of 51.75 and a beta of 0.70. Student Transportation has a 52-week low of $5.39 and a 52-week high of $6.28. The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.83 and a current ratio of 1.91.
Student Transportation (NASDAQ:STB) (TSE:STB) last released its earnings results on Thursday, November 9th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ 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 period last year, the business posted ($0.13) earnings per share. Student Transportation’s revenue was up 5.1% compared to the same quarter last year. equities research analysts predict that Student Transportation will post 0.12 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.0367 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date is Wednesday, March 28th. Student Transportation’s payout ratio is currently 366.67%.
A number of hedge funds have recently bought and sold shares of STB. Intact Investment Management Inc. lifted its stake in Student Transportation by 767.2% in the 3rd quarter. Intact Investment Management Inc. now owns 571,277 shares of the transportation company’s stock valued at $4,250,000 after buying an additional 505,400 shares in the last quarter. CIBC World Markets Inc. raised its holdings in Student Transportation by 21.7% in the 2nd quarter. CIBC World Markets Inc. now owns 2,739,930 shares of the transportation company’s stock valued at $16,618,000 after acquiring an additional 487,641 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Student Transportation in the 2nd quarter valued at $1,311,000. Scotia Capital Inc. raised its holdings in Student Transportation by 19.9% in the 2nd quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock valued at $4,523,000 after acquiring an additional 124,087 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Student Transportation by 30.9% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 351,600 shares of the transportation company’s stock valued at $2,103,000 after acquiring an additional 82,900 shares during the last quarter. 25.85% of the stock is currently owned by hedge funds and other institutional investors.
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About Student Transportation
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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