Scotiabank lowered shares of Student Transportation (TSE:STB) (NASDAQ:STB) from a sector perform rating to a tender rating in a report released on Wednesday morning. Scotiabank currently has C$9.60 target price on the stock, up from their previous target price of C$8.00.

Several other equities research analysts have also commented on the stock. National Bank Financial lowered shares of Student Transportation from an outperform rating to a tender rating and increased their price objective for the company from C$9.50 to C$9.58 in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Student Transportation from C$7.60 to C$7.75 and gave the company a market perform rating in a research note on Wednesday, February 14th.

Shares of Student Transportation (STB) opened at C$9.68 on Wednesday. The company has a market cap of $918.46, a PE ratio of 31.23 and a beta of -0.10. Student Transportation has a one year low of C$6.98 and a one year high of C$9.68.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.0367 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.44 annualized dividend and a dividend yield of 4.55%. Student Transportation’s payout ratio is currently 141.95%.

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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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