Student Transportation Inc (STB) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.20.
A number of equities analysts recently commented on the company. BidaskClub downgraded Student Transportation from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded Student Transportation from a “hold” rating to a “strong-buy” rating and set a $7.25 target price for the company in a report on Wednesday, January 10th. Raymond James Financial restated a “market perform” rating and set a $7.50 target price on shares of Student Transportation in a report on Wednesday, February 28th. Finally, Barrington Research downgraded Student Transportation from an “outperform” rating to an “underperform” rating in a report on Wednesday, February 28th.
Shares of Student Transportation (NASDAQ STB) remained flat at $$7.50 during trading on Wednesday. 2,446,454 shares of the company traded hands, compared to its average volume of 1,033,804. The company has a quick ratio of 2.10, a current ratio of 2.19 and a debt-to-equity ratio of 3.04. The company has a market cap of $712.40, a P/E ratio of 28.81 and a beta of 0.34. Student Transportation has a 1-year low of $5.42 and a 1-year high of $7.51.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates raised its holdings in Student Transportation by 259.0% in the fourth quarter. Raymond James & Associates now owns 36,055 shares of the transportation company’s stock worth $221,000 after purchasing an additional 26,012 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Student Transportation by 28.7% in the fourth quarter. Two Sigma Advisers LP now owns 248,968 shares of the transportation company’s stock worth $1,530,000 after purchasing an additional 55,553 shares in the last quarter. Deutsche Bank AG raised its holdings in Student Transportation by 1.7% in the fourth quarter. Deutsche Bank AG now owns 902,462 shares of the transportation company’s stock worth $5,541,000 after purchasing an additional 14,893 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Student Transportation by 26.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,110,863 shares of the transportation company’s stock worth $12,961,000 after purchasing an additional 437,463 shares in the last quarter. Finally, Scotia Capital Inc. raised its holdings in Student Transportation by 5.6% in the fourth quarter. Scotia Capital Inc. now owns 839,664 shares of the transportation company’s stock worth $5,157,000 after purchasing an additional 44,672 shares in the last quarter. Institutional investors and hedge funds own 27.64% 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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