Student Transportation Inc (NASDAQ:STB) (TSE:STB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage presently has a $6.75 target price on the transportation company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.19% from the stock’s previous close.
According to Zacks, “Student Transportation Inc. provides school bus transportation services in the United States and Canada. Its services are delivered by drivers, dispatchers, maintenance technicians and terminal managers. Student Transportation Inc., formerly known as Student Transportation of America, Ltd., is based in Barrie, Canada. “
Other equities research analysts have also issued reports about the stock. BidaskClub upgraded shares of Student Transportation from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. National Bank Financial lowered shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $6.63.
Student Transportation (NASDAQ STB) opened at 5.86 on Friday. The firm has a market capitalization of $553.96 million, a P/E ratio of 76.10 and a beta of 0.75. Student Transportation has a 52-week low of $5.39 and a 52-week high of $6.21. The firm’s 50-day moving average is $5.91 and its 200 day moving average is $5.89.
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A number of hedge funds have recently modified their holdings of the business. 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 valued at $135,000 after buying an additional 8,057 shares during the last quarter. Scotia Capital Inc. increased its stake in Student Transportation by 19.9% in the 2nd quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock valued at $4,523,000 after buying an additional 124,087 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Student Transportation in the 2nd quarter valued at $109,000. The Manufacturers Life Insurance Company increased its stake in Student Transportation by 34.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,278 shares of the transportation company’s stock valued at $377,000 after buying an additional 15,920 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Student Transportation by 15.7% in the 2nd quarter. Royal Bank of Canada now owns 271,399 shares of the transportation company’s stock valued at $1,647,000 after buying an additional 36,803 shares during the last quarter. Hedge funds and other institutional investors own 25.70% of the company’s stock.
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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