Blue Bird Co. (NASDAQ:BLBD) Receives $60.64 Consensus PT from Analysts

Shares of Blue Bird Co. (NASDAQ:BLBD) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $60.64.

BLBD has been the subject of several recent analyst reports. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Barclays lifted their target price on Blue Bird from $43.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Roth Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. DA Davidson lifted their target price on Blue Bird from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Craig Hallum lifted their target price on Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $41.72 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37. The company has a market cap of $1.35 billion, a PE ratio of 13.12, a P/E/G ratio of 1.07 and a beta of 1.59. The business has a 50-day simple moving average of $42.79 and a two-hundred day simple moving average of $48.33. Blue Bird has a fifty-two week low of $19.30 and a fifty-two week high of $59.40.

Insider Activity at Blue Bird

In related news, President Britton Smith sold 2,508 shares of Blue Bird stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.81, for a total transaction of $124,923.48. Following the completion of the transaction, the president now directly owns 80,617 shares in the company, valued at approximately $4,015,532.77. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Quarry LP raised its position in Blue Bird by 43.9% during the second quarter. Quarry LP now owns 1,174 shares of the company’s stock valued at $63,000 after acquiring an additional 358 shares in the last quarter. Savant Capital LLC increased its position in shares of Blue Bird by 3.4% in the second quarter. Savant Capital LLC now owns 11,473 shares of the company’s stock valued at $618,000 after buying an additional 382 shares in the last quarter. Macroview Investment Management LLC purchased a new stake in shares of Blue Bird in the second quarter valued at approximately $29,000. National Bank of Canada FI purchased a new stake in shares of Blue Bird in the third quarter valued at approximately $26,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Blue Bird by 22.5% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,325 shares of the company’s stock valued at $179,000 after buying an additional 610 shares in the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

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.