Blue Bird Corp (NASDAQ:BLBD) Receives Average Rating of “Strong Buy” from Brokerages

Blue Bird Corp (NASDAQ:BLBD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. Blue Bird’s rating score has improved by 50% in the last 90 days as a result of various analysts’ ratings changes.

Zacks has also assigned Blue Bird an industry rank of 164 out of 256 based on the ratings given to its competitors.

BLBD has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on Elastic in a research report on Monday, May 13th. They issued a “hold” rating and a $75.00 target price on the stock. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th.

A number of hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. boosted its position in shares of Blue Bird by 14.0% during the 2nd quarter. North Star Investment Management Corp. now owns 293,196 shares of the company’s stock valued at $5,773,000 after purchasing an additional 35,953 shares in the last quarter. Exane Derivatives bought a new stake in shares of Blue Bird during the 2nd quarter valued at about $60,000. Campbell & CO Investment Adviser LLC boosted its position in shares of Blue Bird by 55.5% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 19,179 shares of the company’s stock valued at $378,000 after purchasing an additional 6,844 shares in the last quarter. Marshall Wace North America L.P. boosted its position in shares of Blue Bird by 27,763.6% during the 1st quarter. Marshall Wace North America L.P. now owns 6,130 shares of the company’s stock valued at $104,000 after purchasing an additional 6,108 shares in the last quarter. Finally, Mork Capital Management LLC bought a new stake in shares of Blue Bird during the 1st quarter valued at about $220,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Blue Bird stock traded up $0.08 during midday trading on Monday, reaching $19.05. The stock had a trading volume of 63,688 shares, compared to its average volume of 48,224. The company’s fifty day moving average is $19.17. Blue Bird has a 1-year low of $15.67 and a 1-year high of $26.95. The stock has a market capitalization of $501.86 million, a PE ratio of 11.21 and a beta of 0.97.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Blue Bird had a net margin of 3.45% and a negative return on equity of 78.39%. The firm had revenue of $211.64 million during the quarter, compared to analyst estimates of $217.80 million.

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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