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

Shares of Blue Bird Co. (NASDAQ:BLBD) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $60.64.

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Blue Bird from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. BTIG Research started coverage on Blue Bird in a report on Wednesday, October 9th. They issued a “buy” rating and a $55.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of Blue Bird in a report on Tuesday, January 14th. Roth Mkm cut 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. Finally, Bank of America decreased their target price on Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a report on Tuesday, November 26th.

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 19,171 shares of Blue Bird stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total value of $822,244.19. Following the sale, the chief financial officer now directly owns 89,347 shares of the company’s stock, valued at approximately $3,832,092.83. The trade was a 17.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Quarry LP boosted its position in shares of Blue Bird by 43.9% during the second quarter. Quarry LP now owns 1,174 shares of the company’s stock valued at $63,000 after buying an additional 358 shares during the period. National Bank of Canada FI purchased a new position in shares of Blue Bird during the third quarter valued at approximately $26,000. Townsquare Capital LLC boosted its position in shares of Blue Bird by 9.3% during 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. Creative Planning boosted its position in shares of Blue Bird by 13.5% during the third quarter. Creative Planning now owns 5,937 shares of the company’s stock valued at $285,000 after buying an additional 707 shares during the period. Finally, Truvestments Capital LLC purchased a new position in shares of Blue Bird during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Performance

BLBD stock opened at $40.96 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 1.05 and a beta of 1.58. Blue Bird has a 1 year low of $24.44 and a 1 year high of $59.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83. The stock’s fifty day moving average price is $40.56 and its 200-day moving average price is $45.01.

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.