Blue Bird Co. (NASDAQ:BLBD) has received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Blue Bird’s rating score has declined by 100% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus target price of $24.67 for the company and are predicting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Blue Bird an industry rank of 127 out of 265 based on the ratings given to its competitors.
A number of analysts recently issued reports on the stock. BidaskClub raised shares of Blue Bird from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. ValuEngine raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus downgraded shares of Blue Bird from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research report on Friday, February 9th. They noted that the move was a valuation call. Finally, Roth Capital set a $26.00 price target on Blue Bird and gave the stock a “buy” rating in a report on Thursday, February 8th.
Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, February 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.14). The business had revenue of $162.55 million for the quarter, compared to analyst estimates of $147.65 million. Blue Bird had a negative return on equity of 32.04% and a net margin of 2.90%. sell-side analysts predict that Blue Bird will post 1.58 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in Blue Bird by 18.4% in the 2nd quarter. California State Teachers Retirement System now owns 12,876 shares of the company’s stock worth $219,000 after acquiring an additional 2,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Blue Bird by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 53,631 shares of the company’s stock worth $1,105,000 after acquiring an additional 3,747 shares during the period. Citadel Advisors LLC purchased a new position in Blue Bird in the 3rd quarter worth approximately $233,000. Algert Global LLC purchased a new position in Blue Bird in the 3rd quarter worth approximately $252,000. Finally, Northern Trust Corp boosted its holdings in Blue Bird by 28.2% in the 2nd quarter. Northern Trust Corp now owns 80,503 shares of the company’s stock worth $1,369,000 after acquiring an additional 17,698 shares during the period. Hedge funds and other institutional investors own 96.18% of the company’s stock.
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Blue Bird Company Profile
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company operates through two segments, Buses and Aftermarket Parts. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.
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