Shares of Blue Bird Corp (NASDAQ:BLBD) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12-month consensus target price of $23.50 for the company and are expecting that the company will post $0.68 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Bird an industry rank of 75 out of 255 based on the ratings given to related companies.

BLBD has been the subject of a number of analyst reports. BidaskClub raised Blue Bird from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 19th. ValuEngine raised Blue Bird from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Finally, Roth Capital set a $24.00 price target on Blue Bird and gave the stock a “buy” rating in a report on Thursday, August 9th.

NASDAQ:BLBD opened at $22.90 on Friday. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.06 and a quick ratio of 0.44. Blue Bird has a 1 year low of $15.66 and a 1 year high of $24.99. The firm has a market capitalization of $622.20 million, a price-to-earnings ratio of 16.51 and a beta of 1.13.

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

In other news, Director Daniel J. Hennessy sold 8,013 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $22.91, for a total value of $183,577.83. Following the completion of the transaction, the director now directly owns 50,178 shares of the company’s stock, valued at $1,149,577.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. California Public Employees Retirement System boosted 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 buying an additional 2,420 shares during the period. The Manufacturers Life Insurance Company boosted 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 buying an additional 2,462 shares during the period. American International Group Inc. boosted 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 buying an additional 2,497 shares during the period. State Board of Administration of Florida Retirement System boosted 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 buying an additional 2,963 shares during the period. Finally, LSV Asset Management boosted 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 buying an additional 3,000 shares during the period. 96.92% of the stock is owned by institutional investors.

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.

Read More: Diversification in Your Portfolio

Get a free copy of the Zacks research report on Blue Bird (BLBD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Blue Bird Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Bird and related companies with MarketBeat.com's FREE daily email newsletter.