Blue Bird Corp (BLBD) concluded trading on Thursday at a closing price of $46.72, with 2.88 million shares of worth about $134.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 156.70% during that period and on May 09, 2024 the price saw a gain of about 24.45%. Currently the company’s common shares owned by public are about 32.17M shares, out of which, 31.56M shares are available for trading.
Stock saw a price change of 36.21% in past 5 days and over the past one month there was a price change of 30.14%. Year-to-date (YTD), BLBD shares are showing a performance of 73.29% which increased to 150.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.59 but also hit the highest price of $39.01 during that period. The average intraday trading volume for Blue Bird Corp shares is 495.13K. The stock is currently trading 33.44% above its 20-day simple moving average (SMA20), while that difference is up 33.40% for SMA50 and it goes to 80.99% higher than SMA200.
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Blue Bird Corp (NASDAQ: BLBD) currently have 32.17M outstanding shares and institutions hold larger chunk of about 83.71% of that.
The stock has a current market capitalization of $1.50B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 19.03, while it has posted earnings per share of $2.46 in the same period. Its PEG reads 0.44 and has Quick Ratio of 0.56 while making debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLBD, volatility over the week remained 5.64% while standing at 4.77% over the month.
Analysts are in expectations that Blue Bird Corp (BLBD) stock would likely to be making an EPS of $0.45 in the current quarter, while forecast for next quarter EPS is $0.42 and it is $2.49 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.35 which is $0.52 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.44 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 149.80% while it is estimated to increase by 14.73% in next year. EPS is likely to grow at an annualized rate of 43.55% for next 5-years, compared to annual growth of -6.09% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on February 29, 2024 offering a Buy rating for the stock and assigned a target price of $44 to it. Coverage by Barclays stated Blue Bird Corp (BLBD) stock as an Overweight in their note to investors on September 11, 2023, suggesting a price target of $25 for the stock. On September 06, 2023, R. F. Lafferty Initiated their recommendations, while on August 18, 2023, BofA Securities Initiated their ratings for the stock with a price target of $26.50. Stock get a Buy rating from DA Davidson on June 29, 2022.
