Shares of Blue Bird Corporation (NASDAQ:BLBD – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $85.33.
BLBD has been the topic of several recent research reports. DA Davidson lifted their price objective on shares of Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. BTIG Research boosted their target price on shares of Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Needham & Company LLC restated a “buy” rating and issued a $86.00 target price on shares of Blue Bird in a research report on Thursday, August 6th. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd.
View Our Latest Stock Analysis on BLBD
Insider Activity
In other news, COO Jeffrey Sanfrey sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $62.40, for a total transaction of $249,600.00. Following the completion of the transaction, the chief operating officer directly owned 35,011 shares in the company, valued at approximately $2,184,686.40. The trade was a 10.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Institutional Trading of Blue Bird
Several hedge funds have recently added to or reduced their stakes in BLBD. Ritholtz Wealth Management boosted its stake in Blue Bird by 59.2% during the third quarter. Ritholtz Wealth Management now owns 15,145 shares of the company’s stock valued at $841,000 after buying an additional 5,631 shares in the last quarter. Jefferies Financial Group Inc. grew its holdings in Blue Bird by 349.1% during the third quarter. Jefferies Financial Group Inc. now owns 37,700 shares of the company’s stock worth $2,092,000 after acquiring an additional 29,305 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Blue Bird by 26.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,695 shares of the company’s stock worth $46,576,000 after acquiring an additional 174,740 shares during the period. Parallel Advisors LLC raised its position in Blue Bird by 356.3% in the third quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock worth $52,000 after acquiring an additional 734 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in Blue Bird by 36.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,447 shares of the company’s stock worth $247,000 after acquiring an additional 1,196 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.
Blue Bird Price Performance
Shares of NASDAQ BLBD opened at $59.19 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. The firm has a market capitalization of $1.86 billion, a PE ratio of 13.77, a P/E/G ratio of 0.89 and a beta of 1.46. Blue Bird has a 1-year low of $46.14 and a 1-year high of $83.39. The business’s fifty day moving average price is $58.53 and its two-hundred day moving average price is $63.24.
Blue Bird (NASDAQ:BLBD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. The company had revenue of $517.16 million during the quarter, compared to the consensus estimate of $485.73 million. On average, research analysts expect that Blue Bird will post 4.68 EPS for the current year.
About Blue Bird
Blue Bird Corporation (NASDAQ:BLBD) designs, manufactures, and sells school buses in North America. Its product portfolio includes Type A, Type C, and Type D school buses powered by gasoline, diesel, propane, and electric powertrains. The company also provides replacement parts and aftermarket support for its vehicles.
Founded in 1927, Blue Bird is one of the longstanding manufacturers in the school bus industry. Its buses are used by public and private schools, school districts, contractors, and other student transportation providers.
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