Analysts Set Blue Bird Co. (NASDAQ:BLBD) PT at $34.58

Shares of Blue Bird Co. (NASDAQ:BLBDGet Free Report) have been given a consensus rating of “Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $34.58.

BLBD has been the subject of several recent research reports. Barclays boosted their price objective on Blue Bird from $25.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Roth Mkm increased their target price on shares of Blue Bird from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Needham & Company LLC initiated coverage on shares of Blue Bird in a research report on Thursday, February 29th. They set a “buy” rating and a $44.00 price target on the stock. Finally, StockNews.com cut shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 2nd.

Read Our Latest Stock Report on BLBD

Blue Bird Stock Performance

BLBD stock opened at $33.94 on Thursday. The company has a 50 day moving average price of $34.30 and a 200 day moving average price of $26.80. Blue Bird has a fifty-two week low of $17.37 and a fifty-two week high of $39.01. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.30 and a quick ratio of 0.54. The stock has a market capitalization of $1.10 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.48 and a beta of 1.36.

Blue Bird (NASDAQ:BLBDGet Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.34 by $0.52. Blue Bird had a return on equity of 223.85% and a net margin of 5.04%. The company had revenue of $317.66 million during the quarter, compared to analysts’ expectations of $265.00 million. Analysts forecast that Blue Bird will post 1.87 EPS for the current year.

Insider Transactions at Blue Bird

In other news, President Britton Smith sold 6,228 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $33.49, for a total transaction of $208,575.72. Following the completion of the transaction, the president now directly owns 87,250 shares of the company’s stock, valued at approximately $2,922,002.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Blue Bird news, President Britton Smith sold 6,228 shares of Blue Bird stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $33.49, for a total value of $208,575.72. Following the sale, the president now directly owns 87,250 shares in the company, valued at approximately $2,922,002.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gurminder S. Bedi sold 8,719 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $31.45, for a total transaction of $274,212.55. Following the transaction, the director now owns 18,896 shares of the company’s stock, valued at $594,279.20. The disclosure for this sale can be found here. Insiders sold 4,257,597 shares of company stock valued at $139,735,973 over the last three months. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BLBD. CWM LLC grew its position in shares of Blue Bird by 220.1% in the 4th quarter. CWM LLC now owns 1,290 shares of the company’s stock valued at $35,000 after acquiring an additional 887 shares during the period. Quarry LP increased its position in Blue Bird by 113.0% during the second quarter. Quarry LP now owns 1,440 shares of the company’s stock worth $32,000 after buying an additional 764 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Blue Bird by 89.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the company’s stock valued at $46,000 after buying an additional 1,020 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Blue Bird in the fourth quarter valued at approximately $66,000. Finally, State of Wyoming bought a new position in shares of Blue Bird during the 2nd quarter worth approximately $65,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

About Blue Bird

(Get Free Report

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.

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Analyst Recommendations for Blue Bird (NASDAQ:BLBD)

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