Shares of Blue Bird Co. (NASDAQ:BLBD) reached a new 52-week high and low on Thursday . The company traded as low as $24.25 and last traded at $24.00, with a volume of 14892 shares. The stock had previously closed at $24.00.
BLBD has been the topic of a number of analyst reports. BidaskClub raised shares of Blue Bird from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. ValuEngine raised shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Roth Capital set a $26.00 target price on shares of Blue Bird and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus lowered shares of Blue Bird from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Friday, February 9th. They noted that the move was a valuation call.
The company has a debt-to-equity ratio of -1.34, a quick ratio of 0.38 and a current ratio of 1.11. The firm has a market capitalization of $576.76, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.02 and a beta of 1.33.
Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, February 7th. The company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.14). The firm had revenue of $162.55 million for the quarter, compared to the consensus estimate of $147.65 million. Blue Bird had a negative return on equity of 32.04% and a net margin of 2.90%. equities analysts predict that Blue Bird Co. will post 1.58 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of BLBD. OxFORD Asset Management LLP purchased a new position in Blue Bird in the 3rd quarter worth approximately $385,000. Algert Global LLC purchased a new position in Blue Bird in the 3rd quarter worth approximately $252,000. Dimensional Fund Advisors LP grew its stake in Blue Bird by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 53,631 shares of the company’s stock worth $1,105,000 after buying an additional 3,747 shares in the last quarter. Wells Fargo & Company MN grew its stake in Blue Bird by 34.0% in the 3rd quarter. Wells Fargo & Company MN now owns 88,787 shares of the company’s stock worth $1,830,000 after buying an additional 22,533 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Blue Bird in the 3rd quarter worth approximately $233,000. 96.18% of the stock is currently owned by institutional investors and hedge funds.
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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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