Student Transportation Inc. (STB) Lifted to “Buy” at Zacks Investment Research
Student Transportation Inc. (NASDAQ:STB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $6.75 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 14.02% 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. “
A number of other research firms also recently issued reports on STB. BMO Capital Markets restated a “hold” rating on shares of Student Transportation in a research report on Sunday, September 18th. Barrington Research upped their price objective on shares of Student Transportation from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Thursday, September 15th. Finally, Scotiabank reiterated 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Student Transportation has a consensus rating of “Hold” and a consensus price target of $7.17.
Student Transportation (NASDAQ:STB) opened at 5.92 on Wednesday. The company has a market cap of $544.07 million, a P/E ratio of 98.67 and a beta of 0.74. Student Transportation has a one year low of $3.02 and a one year high of $6.08. The company has a 50 day moving average of $5.79 and a 200-day moving average of $5.25.
Student Transportation (NASDAQ:STB) last posted its earnings results on Wednesday, September 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company earned $166.20 million during the quarter. Student Transportation had a net margin of 1.01% and a return on equity of 4.40%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. On average, equities analysts expect that Student Transportation will post $0.10 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.0367 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.43%. Student Transportation’s dividend payout ratio is currently 628.57%.
Several hedge funds have recently added to or reduced their stakes in STB. 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. 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. Royal Bank of Canada boosted 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 worth $1,289,000 after buying an additional 4,868 shares in the last quarter. Swiss National Bank boosted its stake in Student Transportation by 4.8% in the second quarter. Swiss National Bank now owns 134,557 shares of the company’s stock worth $688,000 after buying an additional 6,224 shares in the last quarter. Finally, 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. 21.08% of the stock is owned by institutional investors and hedge funds.
Student Transportation Company Profile
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