BidaskClub Upgrades Blue Bird (NASDAQ:BLBD) to Hold

Blue Bird (NASDAQ:BLBD) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday, BidAskClub reports.

Several other equities research analysts have also issued reports on BLBD. ValuEngine upgraded shares of Blue Bird from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Zacks Investment Research lowered shares of Blue Bird from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.67.

Shares of NASDAQ:BLBD opened at $12.60 on Tuesday. Blue Bird has a 12 month low of $8.40 and a 12 month high of $23.99. The company’s fifty day simple moving average is $12.22 and its 200 day simple moving average is $12.85. The firm has a market cap of $340.81 million, a price-to-earnings ratio of 28.64 and a beta of 1.23.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Blue Bird had a net margin of 1.26% and a negative return on equity of 39.67%. The business had revenue of $189.18 million for the quarter, compared to analyst estimates of $225.00 million. Equities analysts predict that Blue Bird will post 0.56 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Blue Bird by 2.5% during the 1st quarter. Royal Bank of Canada now owns 36,946 shares of the company’s stock worth $404,000 after purchasing an additional 899 shares during the last quarter. Olstein Capital Management L.P. increased its stake in shares of Blue Bird by 0.8% during the 2nd quarter. Olstein Capital Management L.P. now owns 135,121 shares of the company’s stock worth $2,025,000 after purchasing an additional 1,121 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Blue Bird by 57.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,738 shares of the company’s stock worth $52,000 after purchasing an additional 1,721 shares during the last quarter. Swiss National Bank increased its stake in shares of Blue Bird by 7.2% during the 2nd quarter. Swiss National Bank now owns 29,911 shares of the company’s stock worth $448,000 after purchasing an additional 2,000 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Blue Bird by 6.6% during the 2nd quarter. California Public Employees Retirement System now owns 33,896 shares of the company’s stock worth $508,000 after purchasing an additional 2,084 shares during the last quarter. Institutional investors own 92.22% of the company’s stock.

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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