On Monday, December 12th, it is anticipated that Blue Bird (NASDAQ: BLBD) will make public the results of its financial operations.
Here, several market analysts can provide the most recent commentary on the stock in question. In a research report by Craig Hallum on August 15th, the company stated that they had decreased their price objective on Blue Bird shares to $18.00. On Tuesday, November 1st, a “sell” rating replaced StockNews.com’s previous recommendation of “hold” for Blue Bird stock. Previously, the stock had been rated by the website. Finally, DA Davidson raised their price target for Blue Bird shares from $13.50 to $14.50 in the report they released on Tuesday, December 6th. The report was published online. The final and most significant adjustment was made here.
On Friday, the price of a share of Blue Bird stock was $12.76 when trading got underway. The company’s moving average price over the previous 50 days is $10.03, and the moving average price over the previous 200 days is $10.43. Therefore, 1.43 is the value of the current ratio, 0.26 is the value of the quick ratio, and 9.03 is the value of the debt-to-equity ratio. The stock is currently trading at a market capitalization of $408.70 million, despite having a price-to-earnings ratio of -15.56, which results in a beta of 1.31. Blue Bird reached its 52-week high of $22.10 and its 52-week low of $7.14 during the company’s trading year.
In recent times, there has been a shift in the way that hedge funds and other types of institutional investors view the market. During the second quarter, BNP Paribas Arbitrage SA successfully achieved a 198.6% increase in the amount of Blue Bird stock it owned. Because BNP Paribas Arbitrage SA purchased an additional 2,939 shares during the most recent quarter, the total number of shares that the company owns in the company has increased to 4,419 and is now worth $41,000. This was the result of the most recent quarter’s most recent purchase. In addition, during the second quarter of this fiscal year, JPMorgan Chase & Co. increased the percentage of Blue Bird’s owned stock by 14.6%. After making an additional purchase of 1,203 shares during the most recent quarter, JPMorgan Chase & Co. now owns 9,453 shares, which have a value of $87,000. This brings the total number of shares the company has in its possession to 9,453. During the first three months of this year, MetLife Investment Management LLC increased the percentage of Blue Bird shares it owned by 59.0%. At the close of the most recent fiscal quarter, MetLife Investment Management LLC held 9,160 shares of the company’s stock, giving it a stake in the business worth $172,000. This is an increase from the 3,398 shares it had in its possession at the end of the previous quarter. In addition, Raymond James & Associates spent $258,000 purchasing Blue Bird stock during the first three months of the year as part of their investment. And finally, during the first three months of the year, Goldman Sachs Group Inc. increased the amount of Blue Bird stock owned by an additional 28.9%. After purchasing an additional 5,354 shares over the past three months, Goldman Sachs Group Inc. now has 23,891 shares of the company’s stock, with a market value of $450,000. These shares were added to the company’s holdings. The vast majority of the company’s stock is owned by large financial institutions, which account for 92.27% of the total.
The United States of America, Canada, and other countries are all served by school buses designed, engineered, manufactured, and distributed by Blue Bird Corporation. Blue Bird is also responsible for supplying all of the associated components. The entirety of it comprises the bus and the parts, which are the two components that make up the bus. The company not only offers services for applications involving alternative fuels, but it also sells electric school buses, buses powered by propane, gasoline, or compressed natural gas, Type C and Type D buses, and customized buses.