Barrington Research Maintains Student Transportation Inc to Outperform with Price Target $8.00

Brokerage firm Barrington Research Maintains its rating on Student Transportation Inc(NASDAQ:STB). In a research note issued to the investors, the brokerage major Raises the price-target to $8.00 per share. The shares have been rated Outperform. The rating by Barrington Research was issued on Sep 15, 2016.

In a different note, Barrington Research said it Initiates Coverage on Student Transportation Inc, according to a research note issued on Jul 21, 2016. The shares have been rated ‘Outperform’ by the firm.

Student Transportation Inc (STB) shares turned negative on Tuesdays trading session with the shares closing down -0.03 points or -0.50% at a volume of 1,34,117. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.03. The peak price level was also seen at $6.03 while the days lowest was $5.9. Finally the shares closed at $5.98. The 52-week high of the shares is $6.05 while the 52-week low is $3.02. According to the latest information available, the market cap of the company is $579 M.

Student Transportation Inc has also declared a cash dividend of $0.0367 on Sep 14, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 17, 2016.

Student Transportation Inc(STB) last announced its earnings results on Sep 14, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $166.19M. Analysts had an estimated revenue of $163.67M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.05.

Student Transportation Inc. (STI) is North America’s provider of student transportation solutions operating nearly 13000 vehicles. STI’s family of local companies delivers transportation management logistics and technology solutions to a range of customers throughout the United States and Canada. Services are delivered by drivers dispatchers maintenance technicians terminal managers information technology professionals and others who are caring members of their local communities.

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