Student Transportation Inc. (STB) Upgraded to “Outperform” at National Bank Financial
National Bank Financial upgraded shares of Student Transportation Inc. (TSE:STB) (NASDAQ:STB) from a sector perform rating to an outperform rating in a research report released on Thursday. The firm currently has C$9.50 target price on the stock, up from their prior target price of C$8.50. National Bank Financial also issued estimates for Student Transportation’s Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.09 EPS and FY2019 earnings at $0.23 EPS.
Shares of Student Transportation (TSE:STB) traded down 2.53% during midday trading on Thursday, reaching $7.33. 137,176 shares of the company were exchanged. Student Transportation has a 52-week low of $6.98 and a 52-week high of $8.25. The company has a market capitalization of $692.92 million and a P/E ratio of 95.19. The stock has a 50-day moving average price of $7.37 and a 200 day moving average price of $7.71.
The firm also recently declared a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 15th were paid a $0.0367 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.44 annualized dividend and a yield of 5.86%.
In other Student Transportation news, Director Denis Joseph Gallagher purchased 8,200 shares of the stock in a transaction on Friday, June 30th. The shares were purchased at an average cost of C$6.07 per share, for a total transaction of C$49,774.00. Insiders acquired a total of 29,950 shares of company stock worth $181,362 over the last quarter.
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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