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

Shares of Blue Bird Co. (NASDAQ:BLBD) have received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $58.21.

A number of brokerages have commented on BLBD. Craig Hallum boosted their price target on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Needham & Company LLC reduced their target price on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Bank of America reduced their target price on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday, November 26th. Finally, StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th.

Insider Buying and Selling

In related news, CFO Razvan Radulescu sold 2,848 shares of Blue Bird stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.12, for a total value of $108,565.76. Following the sale, the chief financial officer now directly owns 88,664 shares in the company, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Blue Bird

Several institutional investors have recently bought and sold shares of BLBD. National Bank of Canada FI purchased a new position in Blue Bird in the 3rd quarter valued at $26,000. Truvestments Capital LLC purchased a new position in Blue Bird in the 3rd quarter worth approximately $35,000. Private Trust Co. NA purchased a new position in Blue Bird in the 3rd quarter worth approximately $38,000. nVerses Capital LLC purchased a new position in Blue Bird in the 3rd quarter worth approximately $53,000. Finally, KBC Group NV lifted its stake in Blue Bird by 75.3% in the 4th quarter. KBC Group NV now owns 1,420 shares of the company’s stock worth $55,000 after purchasing an additional 610 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Stock Down 3.8 %

Blue Bird stock opened at $36.86 on Wednesday. The business has a fifty day moving average of $39.86 and a two-hundred day moving average of $43.74. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.18 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.94 and a beta of 1.56. Blue Bird has a twelve month low of $29.78 and a twelve month high of $59.40.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. On average, analysts forecast that Blue Bird will post 3.77 earnings per share for the current fiscal 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.