Student Transportation Inc (NASDAQ:STB) (TSE:STB) is scheduled to issue its quarterly earnings data before the market opens on Thursday, September 14th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Student Transportation Inc (STB) opened at 6.14 on Wednesday. The firm has a market capitalization of $580.43 million, a price-to-earnings ratio of 79.74 and a beta of 0.75. The company has a 50-day moving average of $5.92 and a 200-day moving average of $5.88. Student Transportation Inc has a 1-year low of $5.37 and a 1-year high of $6.21.
Student Transportation declared that its Board of Directors has authorized a share buyback program on Friday, May 19th that permits the company to buyback 9,230,000 outstanding shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
A hedge fund recently raised its stake in Student Transportation stock. Vanguard Group Inc. lifted its holdings in Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 20.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,885 shares of the transportation company’s stock after acquiring an additional 4,669 shares during the period. Vanguard Group Inc.’s holdings in Student Transportation were worth $186,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 25.70% of the company’s stock.
A number of brokerages recently weighed in on STB. BidaskClub downgraded shares of Student Transportation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. National Bank Financial downgraded shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Student Transportation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $6.92.
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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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