Student Transportation Inc. (STB) Stock Rating Upgraded by Zacks Investment Research
Student Transportation Inc. (NASDAQ:STB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $6.75 price target on the stock. Zacks Investment Research’s price objective points to a potential upside of 14.60% from the stock’s current price.
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. “
STB has been the topic of a number of other reports. Scotiabank reaffirmed a “sector perform” rating and issued a $6.75 target price (up from $6.50) on shares of Student Transportation in a report on Sunday, August 21st. Barrington Research began coverage on Student Transportation in a report on Thursday, July 21st. They issued an “outperform” rating and a $7.50 target price on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Student Transportation in a report on Sunday, September 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Student Transportation has a consensus rating of “Hold” and an average target price of $7.17.
Student Transportation (NASDAQ:STB) opened at 5.89 on Wednesday. The stock has a market capitalization of $541.31 million, a PE ratio of 98.17 and a beta of 0.74. Student Transportation has a 12-month low of $3.02 and a 12-month high of $6.08. The stock has a 50 day moving average price of $5.81 and a 200-day moving average price of $5.26.
Student Transportation (NASDAQ:STB) last announced its earnings results on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Student Transportation had a return on equity of 4.40% and a net margin of 1.01%. The company had revenue of $166.20 million for the quarter. During the same period in the prior year, the business posted $0.07 earnings per share. Student Transportation’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Student Transportation will post $0.10 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be issued a dividend of $0.0367 per share. The ex-dividend date is Thursday, October 27th. This represents a $0.44 dividend on an annualized basis and a yield of 7.47%. Student Transportation’s dividend payout ratio is presently 628.57%.
Large investors have recently bought and sold shares of the stock. Bank of Nova Scotia boosted its stake in Student Transportation by 4.5% in the second quarter. Bank of Nova Scotia now owns 24,174 shares of the company’s stock worth $124,000 after buying an additional 1,039 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in Student Transportation by 28.4% in the second quarter. Commonwealth Equity Services Inc now owns 30,230 shares of the company’s stock worth $155,000 after buying an additional 6,687 shares in the last quarter. Nuveen Fund Advisors LLC acquired a new stake in Student Transportation during the second quarter worth approximately $250,000. UBS Asset Management Americas Inc. boosted its stake in Student Transportation by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company’s stock worth $252,000 after buying an additional 1,127 shares in the last quarter. Finally, Monarch Partners Asset Management LLC boosted its stake in Student Transportation by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 71,920 shares of the company’s stock worth $370,000 after buying an additional 13,480 shares in the last quarter. 21.08% of the stock is currently owned by institutional investors and hedge funds.
About Student Transportation
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Student Transportation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Student Transportation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.