Shares of Blue Bird Corp (NASDAQ:BLBD) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a 12-month consensus price objective of $23.00 for the company and are anticipating that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Bird an industry rank of 77 out of 255 based on the ratings given to related companies.
A number of research firms have commented on BLBD. BidaskClub lowered Blue Bird from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Roth Capital restated a “buy” rating and issued a $22.00 price target on shares of Blue Bird in a research note on Tuesday, December 4th. Finally, ValuEngine downgraded Blue Bird from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th.
Shares of Blue Bird stock traded down $0.99 on Thursday, reaching $19.06. The company’s stock had a trading volume of 135,735 shares, compared to its average volume of 75,021. The firm has a market cap of $528.80 million, a price-to-earnings ratio of 11.21 and a beta of 1.28. Blue Bird has a 52 week low of $15.67 and a 52 week high of $26.95.
Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, February 6th. The company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. The business had revenue of $154.93 million during the quarter, compared to analyst estimates of $157.20 million. Blue Bird had a negative return on equity of 61.35% and a net margin of 3.01%. On average, research analysts expect that Blue Bird will post 1.69 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Blue Bird in the 4th quarter worth $26,000. MetLife Investment Advisors LLC boosted its stake in shares of Blue Bird by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,926 shares of the company’s stock worth $219,000 after buying an additional 3,175 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Blue Bird by 447.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 9,394 shares of the company’s stock worth $230,000 after buying an additional 7,679 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Blue Bird in the 3rd quarter worth $233,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Blue Bird in the 3rd quarter worth $274,000. Hedge funds and other institutional investors own 98.48% of the company’s stock.
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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