BidaskClub Downgrades Student Transportation Inc (NASDAQ:STB) to Sell
Student Transportation Inc (NASDAQ:STB) (TSE:STB) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
A number of other analysts have also issued reports on STB. Zacks Investment Research raised Student Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. National Bank Financial lowered Student Transportation from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Student Transportation currently has an average rating of “Hold” and an average price target of $6.88.
Shares of Student Transportation (STB) traded down 0.9244% during midday trading on Tuesday, hitting $5.7662. The stock had a trading volume of 107,100 shares. The firm has a market cap of $545.09 million, a price-to-earnings ratio of 74.8857 and a beta of 0.76. The firm’s 50 day moving average price is $6.02 and its 200 day moving average price is $5.82. Student Transportation has a 52-week low of $5.22 and a 52-week high of $6.21.
Student Transportation (NASDAQ:STB) (TSE:STB) last released its quarterly earnings data on Wednesday, May 10th. The transportation company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Student Transportation had a return on equity of 6.89% and a net margin of 1.34%. The firm had revenue of $185.20 million for the quarter, compared to analysts’ expectations of $182.02 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that Student Transportation will post $0.08 earnings per share for the current year.
Student Transportation announced that its Board of Directors has initiated a share repurchase plan on Friday, May 19th that permits the company to repurchase 9,230,000 outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently made changes to their positions in STB. Russell Investments Group Ltd. purchased a new stake in shares of Student Transportation during the fourth quarter worth about $488,000. WealthTrust Axiom LLC raised its stake in Student Transportation by 14.3% in the first quarter. WealthTrust Axiom LLC now owns 1,017,794 shares of the transportation company’s stock worth $5,964,000 after buying an additional 127,040 shares in the last quarter. PARK CIRCLE Co raised its stake in Student Transportation by 1.5% in the first quarter. PARK CIRCLE Co now owns 672,200 shares of the transportation company’s stock worth $3,939,000 after buying an additional 10,000 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Student Transportation during the first quarter worth $782,000. Finally, Monarch Partners Asset Management LLC raised its stake in Student Transportation by 7.5% in the first quarter. Monarch Partners Asset Management LLC now owns 520,309 shares of the transportation company’s stock worth $3,049,000 after buying an additional 36,270 shares in the last quarter. 25.43% of the stock is currently owned by institutional investors.
Student Transportation Company Profile
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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