Blue Bird (NASDAQ:BLBD) Stock Rating Upgraded by StockNews.com

Blue Bird (NASDAQ:BLBD) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other research firms also recently weighed in on BLBD. BTIG Research began coverage on Blue Bird in a research note on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price target for the company. Roth Mkm downgraded shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Thursday, October 3rd. Craig Hallum increased their price target on shares of Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Roth Capital downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of Blue Bird in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.64.

Blue Bird Trading Down 0.7 %

Blue Bird stock opened at $38.85 on Tuesday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.05 and a beta of 1.59. The firm has a 50-day moving average of $41.51 and a 200-day moving average of $46.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83. Blue Bird has a one year low of $24.08 and a one year high of $59.40.

Insider Buying and Selling

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

Institutional Investors Weigh In On Blue Bird

Institutional investors have recently modified their holdings of the business. Quarry LP increased its position in Blue Bird by 43.9% during the second quarter. Quarry LP now owns 1,174 shares of the company’s stock worth $63,000 after acquiring an additional 358 shares during the period. Savant Capital LLC increased its holdings in shares of Blue Bird by 3.4% during the second quarter. Savant Capital LLC now owns 11,473 shares of the company’s stock worth $618,000 after purchasing an additional 382 shares during the period. National Bank of Canada FI acquired a new stake in shares of Blue Bird in the third quarter valued at approximately $26,000. Townsquare Capital LLC boosted its stake in shares of Blue Bird by 9.3% in the third quarter. Townsquare Capital LLC now owns 8,235 shares of the company’s stock valued at $395,000 after buying an additional 700 shares during the period. Finally, Creative Planning grew its position in Blue Bird by 13.5% during the third quarter. Creative Planning now owns 5,937 shares of the company’s stock worth $285,000 after buying an additional 707 shares in the last quarter. 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.