Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Blue Bird from a “hold” rating to a “sell” rating in a research report on Tuesday, August 18th. ValuEngine upgraded shares of Blue Bird from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.67.
Shares of NASDAQ BLBD opened at $12.60 on Tuesday. Blue Bird has a 52-week low of $8.40 and a 52-week high of $23.99. The firm has a 50 day moving average price of $12.22 and a two-hundred day moving average price of $12.85. The stock has a market cap of $340.81 million, a P/E ratio of 28.64 and a beta of 1.23.
Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $189.18 million during the quarter, compared to analysts’ expectations of $225.00 million. On average, analysts expect that Blue Bird will post 0.56 EPS for the current year.
Several large investors have recently bought and sold shares of BLBD. Russell Investments Group Ltd. bought a new stake in shares of Blue Bird in the 1st quarter valued at $29,000. BNP Paribas Arbitrage SA boosted its stake in shares of Blue Bird by 57.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,738 shares of the company’s stock valued at $52,000 after purchasing an additional 1,721 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Blue Bird by 87.0% in the 1st quarter. Citigroup Inc. now owns 5,767 shares of the company’s stock valued at $63,000 after purchasing an additional 2,683 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Blue Bird in the 2nd quarter valued at $126,000. Finally, Alliancebernstein L.P. boosted its stake in Blue Bird by 44.4% during the first quarter. Alliancebernstein L.P. now owns 14,300 shares of the company’s stock worth $156,000 after acquiring an additional 4,400 shares in the last quarter. 92.22% of the stock is currently owned by institutional investors.
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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