Zacks Investment Research upgraded shares of Student Transportation Inc. (NASDAQ:STB) from a hold rating to a buy rating in a research note released on Wednesday. Zacks Investment Research currently has $6.75 price objective 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. “
Several other analysts have also commented on STB. Barrington Research assumed coverage on shares of Student Transportation in a research report on Thursday, July 21st. They issued an outperform rating and a $7.50 price objective on the stock. Scotiabank reaffirmed a sector perform rating and issued a $6.75 price objective (up previously from $6.50) on shares of Student Transportation in a research report on Sunday, August 21st. Finally, BMO Capital Markets reaffirmed a hold rating on shares of Student Transportation in a research report on Sunday, September 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $7.17.
Shares of Student Transportation (NASDAQ:STB) opened at 5.93 on Wednesday. Student Transportation has a 52-week low of $3.02 and a 52-week high of $6.08. The company’s 50 day moving average is $5.83 and its 200 day moving average is $5.27. The firm has a market cap of $544.98 million, a price-to-earnings ratio of 98.83 and a beta of 0.74.
Student Transportation (NASDAQ:STB) last released its quarterly earnings results on Wednesday, September 14th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. Student Transportation had a net margin of 1.01% and a return on equity of 4.40%. The business had revenue of $166.20 million for the quarter. During the same quarter last year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that Student Transportation will post $0.10 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be given a $0.0367 dividend. This represents a $0.44 annualized dividend and a dividend yield of 7.42%. The ex-dividend date of this dividend is Thursday, October 27th. Student Transportation’s dividend payout ratio (DPR) is currently 628.57%.
Hedge funds have recently bought and sold shares of the stock. 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 valued at $1,289,000 after buying an additional 4,868 shares during the period. Guardian Capital LP purchased a new stake in Student Transportation during the second quarter worth $1,404,000. Nuveen Fund Advisors LLC purchased a new stake in Student Transportation during the second quarter worth $250,000. Spark Investment Management LLC purchased a new stake in Student Transportation during the second quarter worth $1,222,000. Finally, 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 during the period. 21.06% of the stock is currently owned by institutional investors.
Student Transportation Company Profile
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