Blue Bird Co. (NASDAQ:BLBD – Get Free Report) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 1,070,000 shares, an increase of 19.1% from the May 31st total of 898,100 shares. Based on an average daily volume of 547,100 shares, the short-interest ratio is currently 2.0 days.
Blue Bird Price Performance
Shares of Blue Bird stock traded down $2.38 during trading on Monday, hitting $51.47. The stock had a trading volume of 433,528 shares, compared to its average volume of 554,245. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.56. The firm has a market cap of $1.66 billion, a P/E ratio of 20.76, a PEG ratio of 0.44 and a beta of 1.63. The business has a fifty day moving average of $49.40 and a two-hundred day moving average of $37.46. Blue Bird has a fifty-two week low of $17.59 and a fifty-two week high of $59.40.
Blue Bird (NASDAQ:BLBD – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.31 by $0.52. Blue Bird had a return on equity of 154.10% and a net margin of 6.36%. The business had revenue of $345.92 million during the quarter, compared to the consensus estimate of $315.00 million. On average, sell-side analysts expect that Blue Bird will post 2.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of brokerages have issued reports on BLBD. Roth Mkm upped their target price on Blue Bird from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Needham & Company LLC upped their price objective on Blue Bird from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. DA Davidson upped their price objective on Blue Bird from $44.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Craig Hallum upped their price objective on Blue Bird from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Barclays upped their price objective on Blue Bird from $35.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Blue Bird has an average rating of “Buy” and an average target price of $49.25.
Read Our Latest Stock Report on BLBD
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.
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