Investment Analysts’ Recent Ratings Changes for Blue Bird (BLBD)

Blue Bird (NASDAQ: BLBD) has recently received a number of price target changes and ratings updates:

  • 10/27/2018 – Blue Bird was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/24/2018 – Blue Bird was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/17/2018 – Blue Bird was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/9/2018 – Blue Bird was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/6/2018 – Blue Bird was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/29/2018 – Blue Bird was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/11/2018 – Blue Bird was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of NASDAQ:BLBD traded up $0.17 during mid-day trading on Tuesday, reaching $17.98. The stock had a trading volume of 972 shares, compared to its average volume of 306,031. The company has a market capitalization of $493.40 million, a price-to-earnings ratio of 14.50 and a beta of 1.12. Blue Bird Corp has a twelve month low of $15.66 and a twelve month high of $26.95.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.26. The business had revenue of $314.19 million for the quarter, compared to the consensus estimate of $320.90 million. Blue Bird had a net margin of 3.02% and a negative return on equity of 45.73%. On average, equities analysts anticipate that Blue Bird Corp will post 1.55 earnings per share for the current year.



In related news, Director Daniel J. Hennessy sold 27,887 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $22.84, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Asp Bb Holdings Llc sold 969,850 shares of the stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $28.00, for a total transaction of $27,155,800.00. The disclosure for this sale can be found here. Insiders sold a total of 1,005,750 shares of company stock worth $27,976,317 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its stake in Blue Bird by 490.3% during the 1st quarter. Barclays PLC now owns 8,731 shares of the company’s stock worth $207,000 after purchasing an additional 7,252 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Blue Bird by 37.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,952 shares of the company’s stock worth $213,000 after purchasing an additional 2,462 shares in the last quarter. Rhumbline Advisers bought a new stake in Blue Bird during the 2nd quarter worth approximately $297,000. New York State Common Retirement Fund increased its stake in Blue Bird by 30.8% during the 1st quarter. New York State Common Retirement Fund now owns 13,734 shares of the company’s stock worth $325,000 after purchasing an additional 3,234 shares in the last quarter. Finally, Wills Financial Group Inc. bought a new stake in Blue Bird during the 2nd quarter worth approximately $354,000. 97.17% of the stock is owned by institutional investors and hedge funds.

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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