Blue Bird Co. (BLBD) Given Average Recommendation of “Buy” by Brokerages

Shares of Blue Bird Co. (NASDAQ:BLBD) have earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Blue Bird’s rating score has declined by 100% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 1 year consensus price target of $24.67 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Blue Bird an industry rank of 138 out of 265 based on the ratings given to related companies.

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BLBD has been the topic of a number of research reports. Roth Capital set a $26.00 target price on shares of Blue Bird and gave the stock a “buy” rating in a research report on Thursday, February 8th. BidaskClub upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. ValuEngine upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Stifel Nicolaus lowered shares of Blue Bird from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research report on Friday, February 9th. They noted that the move was a valuation call.

A number of large investors have recently bought and sold shares of BLBD. Vanguard Group Inc. grew its position in Blue Bird by 13.1% in the 2nd quarter. Vanguard Group Inc. now owns 347,565 shares of the company’s stock valued at $5,908,000 after buying an additional 40,158 shares during the last quarter. Wells Fargo & Company MN grew its position in Blue Bird by 34.0% in the 3rd quarter. Wells Fargo & Company MN now owns 88,787 shares of the company’s stock valued at $1,830,000 after buying an additional 22,533 shares during the last quarter. Olstein Capital Management L.P. grew its position in Blue Bird by 28.9% in the 3rd quarter. Olstein Capital Management L.P. now owns 100,010 shares of the company’s stock valued at $2,060,000 after buying an additional 22,442 shares during the last quarter. State Street Corp grew its position in Blue Bird by 36.3% in the 2nd quarter. State Street Corp now owns 76,327 shares of the company’s stock valued at $1,297,000 after buying an additional 20,316 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in Blue Bird by 166.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 30,022 shares of the company’s stock valued at $618,000 after buying an additional 18,745 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Shares of Blue Bird (NASDAQ:BLBD) traded down $0.05 on Wednesday, hitting $23.95. 101,416 shares of the stock were exchanged, compared to its average volume of 112,608. The company has a current ratio of 1.11, a quick ratio of 0.38 and a debt-to-equity ratio of -1.34. The stock has a market capitalization of $576.76, a price-to-earnings ratio of 21.24, a PEG ratio of 1.01 and a beta of 1.37. Blue Bird has a twelve month low of $15.66 and a twelve month high of $24.20.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, February 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.14). The business had revenue of $162.55 million for the quarter, compared to analysts’ expectations of $147.65 million. Blue Bird had a negative return on equity of 32.04% and a net margin of 2.90%. analysts expect that Blue Bird will post 1.59 earnings per share for the current fiscal year.

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About Blue Bird

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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