Blue Bird (NASDAQ:BLBD) Now Covered by Analysts at BTIG Research

Equities researchers at BTIG Research assumed coverage on shares of Blue Bird (NASDAQ:BLBD) in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $55.00 price target on the stock. BTIG Research’s price target indicates a potential upside of 33.24% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Roth Mkm cut Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research note on Thursday, October 3rd. DA Davidson lifted their price target on shares of Blue Bird from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barclays increased their price objective on shares of Blue Bird from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Bank of America lifted their target price on Blue Bird from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of Blue Bird in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Blue Bird presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Blue Bird Stock Down 1.8 %

Shares of NASDAQ:BLBD opened at $41.28 on Wednesday. Blue Bird has a 12-month low of $17.59 and a 12-month high of $59.40. The company has a current ratio of 1.40, a quick ratio of 0.66 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.33 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.28 and a beta of 1.60. The company has a fifty day simple moving average of $48.73 and a 200 day simple moving average of $47.31.

Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.42. Blue Bird had a net margin of 7.65% and a return on equity of 116.23%. The company had revenue of $333.37 million during the quarter, compared to the consensus estimate of $330.00 million. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, equities research analysts anticipate that Blue Bird will post 3.22 EPS for the current fiscal year.

Insider Activity at Blue Bird

In related news, SVP Ted Scartz sold 2,985 shares of Blue Bird stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $48.60, for a total transaction of $145,071.00. Following the transaction, the senior vice president now directly owns 51,863 shares of the company’s stock, valued at $2,520,541.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Britton Smith sold 2,508 shares of the stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ted Scartz sold 2,985 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $48.60, for a total value of $145,071.00. Following the completion of the transaction, the senior vice president now owns 51,863 shares in the company, valued at $2,520,541.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,240 shares of company stock worth $2,725,146 over the last quarter. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd purchased a new stake in shares of Blue Bird during the 1st quarter worth about $29,000. Macroview Investment Management LLC bought a new position in Blue Bird during the second quarter valued at approximately $29,000. Quarry LP grew its position in Blue Bird by 43.9% in the second quarter. Quarry LP now owns 1,174 shares of the company’s stock worth $63,000 after acquiring an additional 358 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Blue Bird during the 2nd quarter worth $81,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Blue Bird during the 2nd quarter valued at $113,000. Institutional investors and hedge funds 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.