Blue Bird Corp (BLBD) Receives Average Recommendation of “Buy” from Brokerages

Blue Bird Corp (NASDAQ:BLBD) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a 1 year consensus target price of $22.00 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Bird an industry rank of 103 out of 256 based on the ratings given to its competitors.

Several research firms have commented on BLBD. BidaskClub raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. ValuEngine cut shares of Blue Bird from a “hold” rating to a “sell” rating in a research note on Friday, March 15th.

NASDAQ:BLBD traded down $0.35 during mid-day trading on Wednesday, hitting $17.19. The stock had a trading volume of 77,300 shares, compared to its average volume of 79,008. The company has a market cap of $451.22 million, a PE ratio of 10.11 and a beta of 1.19. Blue Bird has a 52 week low of $15.67 and a 52 week high of $26.95.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $154.93 million for the quarter, compared to the consensus estimate 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 fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Blue Bird by 8.5% in the 4th quarter. BlackRock Inc. now owns 999,398 shares of the company’s stock worth $18,179,000 after purchasing an additional 78,023 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Blue Bird by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 672,474 shares of the company’s stock worth $16,476,000 after purchasing an additional 11,537 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Blue Bird by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 672,474 shares of the company’s stock worth $16,476,000 after purchasing an additional 11,537 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Blue Bird by 3.6% in the 3rd quarter. Renaissance Technologies LLC now owns 435,800 shares of the company’s stock worth $10,677,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Blue Bird by 248.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company’s stock worth $6,479,000 after purchasing an additional 188,516 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other 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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