Student Transportation (NASDAQ:STB) Downgraded by BidaskClub to “Sell”

Student Transportation (NASDAQ:STB) (TSE:STB) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, December 20th.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Student Transportation from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Wednesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $6.50 target price on shares of Student Transportation in a report on Friday, September 22nd. BMO Capital Markets lowered their target price on Student Transportation from $8.25 to $7.60 and set a “market perform” rating for the company in a report on Friday, September 22nd. Finally, National Bank Financial upgraded Student Transportation from a “sector perform” rating to an “outperform” rating in a report on Thursday, September 21st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $7.12.

Shares of Student Transportation (NASDAQ STB) traded up $0.06 on Wednesday, hitting $6.19. The stock had a trading volume of 167,680 shares, compared to its average volume of 130,540. Student Transportation has a 52 week low of $5.39 and a 52 week high of $6.28. The company has a quick ratio of 1.83, a current ratio of 1.91 and a debt-to-equity ratio of 3.46. The company has a market capitalization of $581.63, a P/E ratio of 51.58 and a beta of 0.73.

Student Transportation (NASDAQ:STB) (TSE:STB) last issued its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.04. Student Transportation had a return on equity of 8.30% and a net margin of 1.59%. The company had revenue of $107.43 million during the quarter, compared to the consensus estimate of $106.57 million. During the same period last year, the company earned ($0.13) earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. research analysts predict that Student Transportation will post 0.13 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG boosted its position in shares of Student Transportation by 5.1% during the first quarter. Credit Suisse AG now owns 60,783 shares of the transportation company’s stock valued at $356,000 after buying an additional 2,938 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Student Transportation by 8.0% during the second quarter. Stifel Financial Corp now owns 50,335 shares of the transportation company’s stock valued at $302,000 after buying an additional 3,729 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Student Transportation by 20.1% during the second quarter. Vanguard Group Inc. now owns 27,885 shares of the transportation company’s stock valued at $186,000 after buying an additional 4,669 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Student Transportation by 12.7% during the second quarter. UBS Asset Management Americas Inc. now owns 54,729 shares of the transportation company’s stock valued at $331,000 after buying an additional 6,161 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of Student Transportation by 40.3% during the second quarter. Wedbush Securities Inc. now owns 21,603 shares of the transportation company’s stock valued at $131,000 after buying an additional 6,203 shares during the last quarter. Hedge funds and other institutional investors own 25.85% of the company’s stock.

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About Student Transportation

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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