Shares of Blue Bird Corp (NASDAQ:BLBD) have been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a twelve-month consensus price target of $22.00 for the company and are predicting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Blue Bird an industry rank of 80 out of 255 based on the ratings given to related companies.
A number of research firms have recently commented on BLBD. BidaskClub raised Blue Bird from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. ValuEngine cut Blue Bird from a “hold” rating to a “sell” rating in a research note on Friday, March 15th.
Shares of BLBD stock traded up $0.20 during midday trading on Monday, reaching $17.31. 42,069 shares of the company were exchanged, compared to its average volume of 114,617. The company has a market capitalization of $456.81 million, a price-to-earnings ratio of 10.18 and a beta of 1.21. Blue Bird has a 12 month low of $15.67 and a 12 month high of $26.95.
Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.07. The business had revenue of $154.93 million during the quarter, compared to analysts’ expectations of $157.20 million. Blue Bird had a net margin of 3.68% and a negative return on equity of 70.66%. As a group, sell-side analysts anticipate that Blue Bird will post 1.58 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Blue Bird during the fourth quarter worth approximately $26,000. Federated Investors Inc. PA boosted its stake in shares of Blue Bird by 16.6% during the 3rd quarter. Federated Investors Inc. PA now owns 14,410 shares of the company’s stock worth $353,000 after acquiring an additional 2,051 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Blue Bird by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 149,808 shares of the company’s stock worth $3,670,000 after acquiring an additional 2,700 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings 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 acquiring an additional 3,175 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Blue Bird by 285.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,287 shares of the company’s stock worth $78,000 after acquiring an additional 3,175 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors.
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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