Analysts Set Blue Bird Co. (NASDAQ:BLBD) PT at $60.64

Shares of Blue Bird Co. (NASDAQ:BLBD) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $60.64.

BLBD has been the topic of several recent research reports. Craig Hallum increased their target price on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Roth Mkm downgraded shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research note on Thursday, October 3rd. BTIG Research began coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price objective for the company. Bank of America lowered their target price on Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday, November 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price target on shares of Blue Bird in a report on Tuesday, January 14th.

Blue Bird Stock Down 2.1 %

Shares of NASDAQ:BLBD opened at $41.17 on Friday. The business’s 50 day moving average is $40.59 and its 200 day moving average is $44.98. The stock has a market cap of $1.32 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 1.04 and a beta of 1.58. Blue Bird has a 52-week low of $26.47 and a 52-week high of $59.40. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 0.56.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Monday, November 25th. The company reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. Blue Bird had a return on equity of 91.12% and a net margin of 7.83%. Sell-side analysts predict that Blue Bird will post 3.77 EPS for the current year.

Insider Transactions at Blue Bird

In other news, CFO Razvan Radulescu sold 19,171 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total transaction of $822,244.19. Following the transaction, the chief financial officer now owns 89,347 shares in the company, valued at $3,832,092.83. This represents a 17.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Trading of Blue Bird

Several large investors have recently bought and sold shares of BLBD. National Bank of Canada FI acquired a new stake in shares of Blue Bird during the third quarter worth $26,000. Truvestments Capital LLC purchased a new position in Blue Bird in the 3rd quarter worth $35,000. Private Trust Co. NA purchased a new position in Blue Bird in the 3rd quarter worth $38,000. nVerses Capital LLC acquired a new stake in Blue Bird during the 3rd quarter worth about $53,000. Finally, Millburn Ridgefield Corp purchased a new stake in Blue Bird during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.