Blue Bird (NASDAQ:BLBD) Price Target Raised to $71.00 at Craig Hallum

Blue Bird (NASDAQ:BLBD) had its target price raised by Craig Hallum from $68.00 to $71.00 in a research report sent to investors on Tuesday,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

BLBD has been the topic of several other reports. DA Davidson boosted their target price on shares of Blue Bird from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Roth Mkm lowered Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research report on Thursday, October 3rd. BTIG Research assumed coverage on Blue Bird in a research note on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price objective for the company. Barclays lifted their target price on Blue Bird from $43.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, Roth Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Bird has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Blue Bird Stock Performance

BLBD opened at $40.69 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.32 billion, a PE ratio of 13.43, a P/E/G ratio of 0.20 and a beta of 1.62. The business has a fifty day simple moving average of $43.97 and a 200-day simple moving average of $48.70. Blue Bird has a fifty-two week low of $17.79 and a fifty-two week high of $59.40.

Insider Activity at Blue Bird

In other Blue Bird news, President Britton Smith sold 2,508 shares of Blue Bird stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total value of $124,923.48. Following the completion of the sale, the president now directly owns 80,617 shares in the company, valued at $4,015,532.77. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Macroview Investment Management LLC bought a new position in Blue Bird during the second quarter valued at about $29,000. National Bank of Canada FI bought a new position in shares of Blue Bird in the 3rd quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new stake in Blue Bird in the 3rd quarter worth approximately $35,000. Private Trust Co. NA bought a new stake in Blue Bird during the third quarter worth approximately $38,000. Finally, nVerses Capital LLC acquired a new position in Blue Bird during the third quarter valued at approximately $53,000. Institutional investors own 93.59% of the company’s stock.

Blue Bird Company Profile

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.