Shares of Blue Bird Corp (NASDAQ:BLBD) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $24.00 for the company and are anticipating that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given Blue Bird an industry rank of 93 out of 255 based on the ratings given to related companies.
Several research firms have recently commented on BLBD. Roth Capital began coverage on shares of Blue Bird in a research report on Thursday, October 10th. They issued a “buy” rating and a $23.00 price target on the stock. BidaskClub lowered shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. ValuEngine upgraded shares of Blue Bird from a “sell” rating to a “hold” rating in a research report on Monday, December 30th. Finally, Zacks Investment Research upgraded shares of Blue Bird from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, December 17th.
Shares of BLBD traded up $0.66 during midday trading on Friday, hitting $22.28. 103,000 shares of the company’s stock traded hands, compared to its average volume of 134,250. The stock has a market capitalization of $575.59 million, a price-to-earnings ratio of 14.95 and a beta of 1.05. The firm’s fifty day moving average is $21.83 and its 200-day moving average is $19.84. Blue Bird has a 1 year low of $16.37 and a 1 year high of $23.99.
Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, December 11th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.03). Blue Bird had a net margin of 2.38% and a negative return on equity of 56.27%. The business had revenue of $343.53 million for the quarter, compared to analyst estimates of $332.50 million. As a group, research analysts expect that Blue Bird will post 1.9 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Blue Bird by 3.3% in the 2nd quarter. BlackRock Inc. now owns 1,082,321 shares of the company’s stock valued at $21,310,000 after acquiring an additional 34,807 shares during the period. Vanguard Group Inc. grew its holdings in Blue Bird by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 722,692 shares of the company’s stock valued at $14,230,000 after purchasing an additional 5,290 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Blue Bird by 9.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 272,488 shares of the company’s stock valued at $5,364,000 after purchasing an additional 23,399 shares in the last quarter. State Street Corp grew its holdings in Blue Bird by 0.9% during the 3rd quarter. State Street Corp now owns 262,254 shares of the company’s stock valued at $4,992,000 after purchasing an additional 2,235 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Blue Bird by 2.4% during the 2nd quarter. Northern Trust Corp now owns 171,286 shares of the company’s stock valued at $3,372,000 after purchasing an additional 4,062 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.
About Blue Bird
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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