Blue Bird (NASDAQ:BLBD) Trading Down 5.1%

Blue Bird Co. (NASDAQ:BLBD) shares traded down 5.1% during trading on Monday . The company traded as low as $50.54 and last traded at $51.13. 237,885 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 552,518 shares. The stock had previously closed at $53.85.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BLBD shares. Roth Mkm increased their price target on shares of Blue Bird from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Needham & Company LLC boosted their price target on shares of Blue Bird from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Craig Hallum boosted their target price on Blue Bird from $54.00 to $65.00 and gave the company a “buy” rating in a report on Friday, May 24th. DA Davidson lifted their price target on Blue Bird from $44.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Finally, Barclays raised their target price on shares of Blue Bird from $35.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Blue Bird has a consensus rating of “Buy” and a consensus target price of $49.25.

Blue Bird Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $49.96 and a two-hundred day simple moving average of $37.80. The company has a market cap of $1.53 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 0.44 and a beta of 1.63.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.52. The firm had revenue of $345.92 million for the quarter, compared to the consensus estimate of $315.00 million. Blue Bird had a return on equity of 154.10% and a net margin of 6.36%. On average, equities analysts predict that Blue Bird Co. will post 2.46 EPS for the current fiscal year.

Institutional Trading of Blue Bird

Large investors have recently bought and sold shares of the company. Covestor Ltd purchased a new stake in shares of Blue Bird in the 1st quarter worth about $29,000. Truist Financial Corp grew its position in shares of Blue Bird by 4.8% in the fourth quarter. Truist Financial Corp now owns 18,440 shares of the company’s stock valued at $497,000 after purchasing an additional 842 shares during the last quarter. CWM LLC increased its stake in shares of Blue Bird by 220.1% during the 4th quarter. CWM LLC now owns 1,290 shares of the company’s stock worth $35,000 after purchasing an additional 887 shares in the last quarter. American International Group Inc. raised its position in shares of Blue Bird by 9.5% during the 1st quarter. American International Group Inc. now owns 13,782 shares of the company’s stock worth $528,000 after purchasing an additional 1,191 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Blue Bird by 4.8% in the 4th quarter. Swiss National Bank now owns 47,600 shares of the company’s stock valued at $1,283,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

About Blue Bird

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.