Student Transportation Inc. (NASDAQ:STB) has earned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation. Student Transportation’s rating score has improved by 40.1% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a one year consensus target price of $6.28 for the company and are forecasting that the company will post ($0.09) EPS for the current quarter, according to Zacks. Zacks has also assigned Student Transportation an industry rank of 67 out of 265 based on the ratings given to related companies.
Several research analysts have issued reports on STB shares. Barrington Research raised 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. Zacks Investment Research downgraded shares of Student Transportation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Scotiabank reissued a “sector perform” rating and set a $6.75 price objective (up from $6.50) on shares of Student Transportation in a research report on Sunday, August 21st. Finally, BMO Capital Markets reissued a “hold” rating on shares of Student Transportation in a research report on Sunday, September 18th.
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 valued at $124,000 after buying an additional 1,039 shares during the period. 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 valued at $155,000 after buying an additional 6,687 shares during the period. Nuveen Fund Advisors LLC purchased a new stake in Student Transportation during the second quarter valued at approximately $250,000. 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 valued at $252,000 after buying an additional 1,127 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its stake in Student Transportation by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 71,920 shares of the company’s stock valued at $370,000 after buying an additional 13,480 shares during the period. Institutional investors own 21.08% of the company’s stock.
Student Transportation (NASDAQ:STB) traded down 0.66% during mid-day trading on Tuesday, hitting $6.00. 78,014 shares of the stock were exchanged. The company has a market cap of $551.42 million, a P/E ratio of 100.00 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 price of $5.71 and a 200-day moving average price of $5.21.
Student Transportation (NASDAQ:STB) last posted its earnings results on Wednesday, September 14th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The firm had revenue of $166.20 million for the quarter. Student Transportation had a net margin of 1.01% and a return on equity of 4.40%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. Analysts forecast that Student Transportation will post $0.10 earnings per share for the current fiscal year.
The company 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 $0.0367 dividend. This represents a $0.44 annualized dividend and a dividend yield of 7.29%. The ex-dividend date is Thursday, October 27th. Student Transportation’s dividend payout ratio (DPR) is presently 628.57%.
About Student Transportation
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