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

Brokerages have set a 12-month consensus price objective of $23.50 for the company and are expecting that the company will post $0.68 earnings per share for the current quarter, according to Zacks. Zacks has also given Blue Bird an industry rank of 117 out of 255 based on the ratings given to its competitors.

A number of equities analysts recently weighed in on the stock. Roth Capital set a $24.00 target price on shares of Blue Bird and gave the stock a “buy” rating in a research report on Thursday, August 9th. ValuEngine upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Finally, BidaskClub lowered shares of Blue Bird from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th.

Shares of NASDAQ:BLBD traded down $0.20 during midday trading on Monday, reaching $25.15. 128,100 shares of the company were exchanged, compared to its average volume of 112,845. The company has a debt-to-equity ratio of -2.56, a quick ratio of 0.44 and a current ratio of 1.06. Blue Bird has a one year low of $15.66 and a one year high of $26.95. The firm has a market cap of $685.36 million, a price-to-earnings ratio of 20.40 and a beta of 1.13.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, August 8th. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.26. Blue Bird had a net margin of 3.02% and a negative return on equity of 45.73%. The firm had revenue of $314.19 million during the quarter, compared to analyst estimates of $320.90 million. research analysts predict that Blue Bird will post 1.55 earnings per share for the current year.

In related news, Director Daniel J. Hennessy sold 8,013 shares of the company’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $22.91, for a total transaction of $183,577.83. Following the sale, the director now owns 50,178 shares of the company’s stock, valued at $1,149,577.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Hennessy sold 27,887 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $22.84, for a total transaction of $636,939.08. Following the sale, the director now directly owns 5,053 shares in the company, valued at approximately $115,410.52. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its stake in Blue Bird by 16.1% during the second quarter. California Public Employees Retirement System now owns 17,420 shares of the company’s stock valued at $389,000 after purchasing an additional 2,420 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Blue Bird by 37.9% during the first quarter. The Manufacturers Life Insurance Company now owns 8,952 shares of the company’s stock valued at $213,000 after purchasing an additional 2,462 shares in the last quarter. American International Group Inc. raised its stake in Blue Bird by 49.9% during the first quarter. American International Group Inc. now owns 7,502 shares of the company’s stock valued at $178,000 after purchasing an additional 2,497 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Blue Bird by 18.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,282 shares of the company’s stock valued at $457,000 after purchasing an additional 2,963 shares in the last quarter. Finally, LSV Asset Management raised its stake in Blue Bird by 1.6% during the first quarter. LSV Asset Management now owns 194,533 shares of the company’s stock valued at $4,610,000 after purchasing an additional 3,000 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

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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