What Next for Blue Bird Corporation (BLBD) Stock After Making 52-Week High?

April 18, 2018 - By Michael Collier

Blue Bird Corporation (NASDAQ:BLBD) Logo

The stock of Blue Bird Corporation (NASDAQ:BLBD) hit a new 52-week high and has $25.48 target or 4.00 % above today’s $24.50 share price. The 8 months bullish chart indicates low risk for the $588.78 million company. The 1-year high was reported on Apr, 18 by Barchart.com. If the $25.48 price target is reached, the company will be worth $23.55 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.82% or $0.2 during the last trading session, reaching $24.5. About 44,916 shares traded. Blue Bird Corporation (NASDAQ:BLBD) has risen 37.17% since April 18, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Analysts await Blue Bird Corporation (NASDAQ:BLBD) to report earnings on May, 10. They expect $0.20 earnings per share, up 150.00 % or $0.12 from last year’s $0.08 per share. BLBD’s profit will be $4.81 million for 30.63 P/E if the $0.20 EPS becomes a reality. After $-0.12 actual earnings per share reported by Blue Bird Corporation for the previous quarter, Wall Street now forecasts -266.67 % EPS growth.

Blue Bird Corporation (NASDAQ:BLBD) Ratings Coverage

Among 2 analysts covering Blue Bird Corp (NASDAQ:BLBD), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Blue Bird Corp had 4 analyst reports since December 7, 2017 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, December 7. The rating was maintained by Stifel Nicolaus on Wednesday, February 7 with “Buy”. The firm has “Hold” rating given on Friday, February 9 by Stifel Nicolaus. The stock of Blue Bird Corporation (NASDAQ:BLBD) earned “Buy” rating by Roth Capital on Thursday, February 8.

Blue Bird Corporation designs, engineers, makes, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company has market cap of $588.78 million. The firm operates through two divisions, Buses and Aftermarket Parts. It has a 31.94 P/E ratio. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.

Blue Bird Corporation (NASDAQ:BLBD) Ratings Chart

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