Student Transportation (NASDAQ:STB) (TSE:STB) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday, January 5th.
Several other brokerages have also commented on STB. Zacks Investment Research raised Student Transportation from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Friday, December 1st. Stifel Nicolaus reissued a “buy” rating and set a $6.50 price objective on shares of Student Transportation in a research report on Friday, September 22nd. National Bank Financial raised Student Transportation from a “sector perform” rating to an “outperform” rating in a research report on Thursday, September 21st. Finally, BMO Capital Markets lowered their price target 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $7.12.
Shares of Student Transportation (NASDAQ STB) traded down $0.02 during mid-day trading on Friday, reaching $6.10. The company had a trading volume of 117,244 shares, compared to its average volume of 140,205. Student Transportation has a 12 month low of $5.39 and a 12 month high of $6.28. The stock has a market capitalization of $580.68, a price-to-earnings ratio of 50.83 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 quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.04. The business had revenue of $107.43 million during the quarter, compared to analyst estimates of $106.57 million. Student Transportation had a return on equity of 8.30% and a net margin of 1.59%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.13) earnings per share. research analysts predict that Student Transportation will post 0.12 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STB. Intact Investment Management Inc. increased its holdings 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 worth $4,250,000 after buying an additional 505,400 shares in the last quarter. CIBC World Markets Inc. increased 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 worth $16,618,000 after buying an additional 487,641 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Student Transportation in the 2nd quarter worth about $1,311,000. Scotia Capital Inc. grew its stake in shares of Student Transportation by 19.9% during the 2nd quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock valued at $4,523,000 after purchasing an additional 124,087 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Student Transportation by 30.9% during 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 purchasing an additional 82,900 shares during the period. Institutional investors own 25.79% of the company’s stock.
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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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