Blue Bird (NASDAQ:BLBD) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Blue Bird (NASDAQ:BLBD) from a buy rating to a hold rating in a report released on Monday.

Other analysts have also issued reports about the company. Roth Capital lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Craig Hallum lifted their price target on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. 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 target for the company. Roth Mkm lowered shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research report on Thursday, October 3rd. Finally, Bank of America decreased their target price on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.64.

Blue Bird Stock Up 1.5 %

BLBD stock opened at $44.38 on Monday. The company has a 50 day moving average of $41.84 and a two-hundred day moving average of $47.48. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 13.96, a PEG 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.

Institutional Trading of Blue Bird

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC grew its stake in Blue Bird by 2.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 327,857 shares of the company’s stock valued at $15,724,000 after buying an additional 7,770 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Blue Bird by 13.0% during the third quarter. Franklin Resources Inc. now owns 60,329 shares of the company’s stock valued at $2,712,000 after acquiring an additional 6,940 shares during the period. Virtu Financial LLC grew its position in shares of Blue Bird by 38.3% in the third quarter. Virtu Financial LLC now owns 15,519 shares of the company’s stock valued at $744,000 after purchasing an additional 4,295 shares during the last quarter. Hohimer Wealth Management LLC bought a new position in shares of Blue Bird in the third quarter worth about $244,000. Finally, Geode Capital Management LLC lifted its position in shares of Blue Bird by 26.2% during the 3rd quarter. Geode Capital Management LLC now owns 752,228 shares of the company’s stock worth $36,084,000 after purchasing an additional 156,298 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

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.