Blue Bird Co. (NASDAQ:BLBD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Blue Bird Co. (NASDAQ:BLBD) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $61.00.

Several brokerages have recently weighed in on BLBD. Roth Capital downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Bank of America increased their price objective on Blue Bird from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. DA Davidson boosted their target price on Blue Bird from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. Roth Mkm downgraded Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Thursday, October 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of Blue Bird in a research report on Tuesday, September 10th.

Insider Buying and Selling at Blue Bird

In other news, President Britton Smith sold 2,508 shares of the stock in a transaction dated 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 transaction, the president now owns 80,617 shares in the company, valued at $4,015,532.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, President Britton Smith sold 2,508 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.81, for a total value of $124,923.48. Following the sale, the president now owns 80,617 shares in the company, valued at $4,015,532.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Phil Horlock sold 32,159 shares of Blue Bird stock in a transaction on Monday, August 26th. The stock was sold at an average price of $48.93, for a total value of $1,573,539.87. Following the transaction, the chief executive officer now directly owns 299,812 shares of the company’s stock, valued at approximately $14,669,801.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,240 shares of company stock valued at $2,725,146. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blue Bird

Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd acquired a new stake in Blue Bird during the 1st quarter valued at $29,000. Macroview Investment Management LLC acquired a new stake in shares of Blue Bird during the second quarter valued at $29,000. nVerses Capital LLC purchased a new stake in Blue Bird during the 3rd quarter worth about $53,000. Quarry LP raised its stake in Blue Bird by 43.9% in the 2nd quarter. Quarry LP now owns 1,174 shares of the company’s stock valued at $63,000 after purchasing an additional 358 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Blue Bird by 1,227.7% in the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock valued at $76,000 after purchasing an additional 1,461 shares in the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Blue Bird Trading Down 0.1 %

BLBD opened at $42.07 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. Blue Bird has a 52 week low of $17.59 and a 52 week high of $59.40. The business’s 50 day moving average is $46.85 and its two-hundred day moving average is $48.19. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.42. The business had revenue of $333.37 million for the quarter, compared to analysts’ expectations of $330.00 million. Blue Bird had a net margin of 7.65% and a return on equity of 116.23%. During the same period in the previous year, the company posted $0.42 EPS. On average, research analysts predict that Blue Bird will post 3.22 EPS for the current year.

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.