Blue Bird Co. (NASDAQ:BLBD) Receives $60.64 Average Target Price from Analysts

Blue Bird Co. (NASDAQ:BLBD) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $60.64.

Several equities research analysts have issued reports on the company. Craig Hallum increased their price target on Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Roth Mkm cut Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Thursday, October 3rd. BTIG Research assumed coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price target on the stock. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Roth Capital cut shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

Blue Bird Price Performance

BLBD opened at $40.02 on Tuesday. The stock has a market cap of $1.29 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.05 and a beta of 1.59. Blue Bird has a 12 month low of $24.08 and a 12 month 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. The company has a fifty day simple moving average of $41.38 and a 200 day simple moving average of $46.77.

Insider Buying and Selling

In related news, CFO Razvan Radulescu sold 19,171 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total transaction of $822,244.19. Following the completion of the transaction, the chief financial officer now directly owns 89,347 shares of the company’s stock, valued at approximately $3,832,092.83. This represents a 17.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BLBD. National Bank of Canada FI bought a new position in shares of Blue Bird during the 3rd quarter worth approximately $26,000. Truvestments Capital LLC bought a new position in Blue Bird during the third quarter worth $35,000. Private Trust Co. NA bought a new position in Blue Bird during the third quarter worth $38,000. nVerses Capital LLC acquired a new position in shares of Blue Bird in the third quarter valued at $53,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Blue Bird in the third quarter valued at about $56,000. 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.