Shares of Blue Bird Corp (NASDAQ:BLBD) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. Blue Bird’s rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12 month consensus price target of $23.00 for the company and are anticipating that the company will post $0.69 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Blue Bird an industry rank of 166 out of 256 based on the ratings given to its competitors.
A number of research firms have recently weighed in on BLBD. ValuEngine raised Blue Bird from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Stifel Nicolaus raised Blue Bird from a “hold” rating to a “buy” rating and lifted their price target for the company from $21.00 to $23.00 in a report on Monday, May 13th. Finally, BidaskClub cut Blue Bird from a “buy” rating to a “hold” rating in a report on Friday, March 1st.
A number of large investors have recently made changes to their positions in the stock. American International Group Inc. raised its holdings in Blue Bird by 6.9% during the first quarter. American International Group Inc. now owns 9,625 shares of the company’s stock worth $163,000 after purchasing an additional 620 shares in the last quarter. Citigroup Inc. raised its holdings in Blue Bird by 19.6% during the first quarter. Citigroup Inc. now owns 3,952 shares of the company’s stock worth $67,000 after purchasing an additional 647 shares in the last quarter. Rhumbline Advisers raised its holdings in Blue Bird by 3.6% during the first quarter. Rhumbline Advisers now owns 19,345 shares of the company’s stock worth $328,000 after purchasing an additional 677 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Blue Bird by 52.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $37,000 after purchasing an additional 742 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in Blue Bird by 3.4% during the first quarter. California State Teachers Retirement System now owns 23,382 shares of the company’s stock worth $396,000 after purchasing an additional 758 shares in the last quarter. 98.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BLBD traded up $0.02 during mid-day trading on Friday, reaching $19.03. 3,980 shares of the company’s stock traded hands, compared to its average volume of 80,876. The stock has a market cap of $501.15 million, a PE ratio of 11.19 and a beta of 1.01. Blue Bird has a 12 month low of $15.67 and a 12 month high of $26.95.
Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The business had revenue of $211.64 million for the quarter, compared to the consensus estimate of $217.80 million. Blue Bird had a net margin of 3.45% and a negative return on equity of 78.39%. On average, equities analysts forecast that Blue Bird will post 1.52 earnings per share for the current fiscal year.
Blue Bird Company Profile
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane-powered, gasoline-powered, compressed natural gas-powered, and electric powered school buses.
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