Analysts Anticipate Blue Bird Corp (NASDAQ:BLBD) to Announce $0.80 Earnings Per Share

Blue Bird Corp (NASDAQ:BLBD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price target of $23.00 for the company and are expecting that the company will post $0.80 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Bird an industry rank of 97 out of 255 based on the ratings given to related companies.

Several equities analysts have recently weighed in on BLBD shares. ValuEngine cut Blue Bird from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Roth Capital started coverage on Blue Bird in a report on Thursday, October 10th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, BidaskClub upgraded Blue Bird from a “sell” rating to a “hold” rating in a report on Saturday, November 30th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Blue Bird in the 2nd quarter valued at about $376,000. First Trust Advisors LP lifted its stake in Blue Bird by 65.0% in the 2nd quarter. First Trust Advisors LP now owns 92,617 shares of the company’s stock valued at $1,824,000 after purchasing an additional 36,496 shares during the last quarter. Swiss National Bank lifted its stake in Blue Bird by 9.3% in the 2nd quarter. Swiss National Bank now owns 27,011 shares of the company’s stock valued at $532,000 after purchasing an additional 2,300 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Blue Bird in the 2nd quarter valued at about $279,000. Finally, JPMorgan Chase & Co. lifted its stake in Blue Bird by 33.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 81,932 shares of the company’s stock valued at $1,573,000 after purchasing an additional 20,652 shares during the last quarter. Institutional investors own 96.15% of the company’s stock.

Shares of NASDAQ BLBD opened at $20.04 on Wednesday. The stock has a market capitalization of $529.60 million, a price-to-earnings ratio of 11.79 and a beta of 1.02. The business has a 50-day moving average of $19.95 and a 200-day moving average of $19.20. Blue Bird has a fifty-two week low of $15.67 and a fifty-two week high of $21.42.

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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