Student Transportation (STB) Stock Rating Upgraded by BidaskClub
Student Transportation (NASDAQ:STB) (TSE:STB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
A number of other research firms also recently issued reports on STB. BMO Capital Markets decreased their price target on shares of Student Transportation from $8.25 to $7.60 and set a “market perform” rating on the stock in a research note on Friday, September 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $6.50 target price on shares of Student Transportation in a research note on Friday, September 22nd. Zacks Investment Research raised shares of Student Transportation from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Wednesday, September 27th. Finally, National Bank Financial raised shares of Student Transportation from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $6.87.
Shares of Student Transportation (STB) opened at $5.81 on Tuesday. The stock has a market cap of $556.96, a price-to-earnings ratio of 48.58 and a beta of 0.74. The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.83 and a current ratio of 1.91. Student Transportation has a 12 month low of $5.39 and a 12 month high of $6.21.
Student Transportation (NASDAQ:STB) (TSE:STB) last released its quarterly earnings results on Thursday, November 9th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.04. The company had revenue of $107.43 million for the quarter, compared to the consensus estimate of $106.57 million. Student Transportation had a net margin of 1.59% and a return on equity of 8.30%. Student Transportation’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. equities analysts forecast that Student Transportation will post 0.13 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. purchased a new position in Student Transportation in the 2nd quarter worth about $109,000. Trexquant Investment LP increased its stake in Student Transportation by 105.6% in the 3rd quarter. Trexquant Investment LP now owns 20,561 shares of the transportation company’s stock worth $123,000 after buying an additional 10,561 shares during the period. Wedbush Securities Inc. increased its stake in Student Transportation by 40.3% in the 2nd quarter. Wedbush Securities Inc. now owns 21,603 shares of the transportation company’s stock worth $131,000 after buying an additional 6,203 shares during the period. Toronto Dominion Bank increased its stake in Student Transportation by 56.8% in the 2nd quarter. Toronto Dominion Bank now owns 22,246 shares of the transportation company’s stock worth $135,000 after buying an additional 8,057 shares during the period. Finally, Vanguard Group Inc. increased its stake in Student Transportation by 20.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock worth $186,000 after buying an additional 4,669 shares during the period. 25.89% of the stock is currently owned by institutional investors and hedge funds.
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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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