Blue Bird (NASDAQ:BLBD – Get Rating) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
Separately, Roth Capital upgraded Blue Bird from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $29.00 in a research note on Tuesday, February 15th.
Shares of Blue Bird stock traded down $0.82 during trading hours on Monday, reaching $10.61. The stock had a trading volume of 83,038 shares, compared to its average volume of 107,631. The firm has a 50 day simple moving average of $14.77 and a two-hundred day simple moving average of $16.79. The firm has a market capitalization of $339.42 million, a price-to-earnings ratio of -23.06 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.23 and a debt-to-equity ratio of 5.20. Blue Bird has a 1 year low of $10.55 and a 1 year high of $28.12.
Blue Bird (NASDAQ:BLBD – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.25). Blue Bird had a negative return on equity of 6.12% and a negative net margin of 1.97%. The firm had revenue of $207.66 million during the quarter, compared to analysts’ expectations of $155.00 million. During the same quarter last year, the business earned $0.03 earnings per share. Sell-side analysts forecast that Blue Bird will post -0.93 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of BLBD. Wells Fargo & Company MN grew its position in shares of Blue Bird by 51.2% in the 2nd quarter. Wells Fargo & Company MN now owns 24,696 shares of the company’s stock worth $614,000 after acquiring an additional 8,362 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Blue Bird by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 279,105 shares of the company’s stock worth $5,822,000 after purchasing an additional 6,991 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Blue Bird by 13.6% in the 3rd quarter. Credit Suisse AG now owns 9,947 shares of the company’s stock worth $207,000 after purchasing an additional 1,193 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Blue Bird by 8.2% in the 3rd quarter. Invesco Ltd. now owns 36,746 shares of the company’s stock worth $767,000 after purchasing an additional 2,790 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Blue Bird by 2.4% in the 3rd quarter. California State Teachers Retirement System now owns 22,289 shares of the company’s stock worth $465,000 after purchasing an additional 512 shares during the last quarter. Institutional investors own 87.73% of the company’s stock.
About Blue Bird (Get Rating)
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.