Shares of Blue Bird Co. (NASDAQ:BLBD - Get Free Report) have been given an average rating of "Moderate Buy" by the eight ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $58.21.
A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Blue Bird from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Needham & Company LLC reduced their price target on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Craig Hallum raised their price objective on Blue Bird from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Bank of America cut their price target on shares of Blue Bird from $66.00 to $63.50 and set a "buy" rating on the stock in a report on Tuesday, November 26th.
Check Out Our Latest Stock Report on BLBD
Blue Bird Stock Down 1.8 %
Shares of NASDAQ BLBD traded down $0.64 on Friday, hitting $34.39. The company had a trading volume of 289,045 shares, compared to its average volume of 733,844. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.72, a PEG ratio of 0.84 and a beta of 1.58. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. Blue Bird has a 12-month low of $30.67 and a 12-month high of $59.40. The business has a 50 day moving average of $37.43 and a two-hundred day moving average of $41.71.
Blue Bird (NASDAQ:BLBD - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. As a group, equities research analysts forecast that Blue Bird will post 3.86 earnings per share for the current fiscal year.
Insider Transactions at Blue Bird
In related news, CFO Razvan Radulescu sold 2,848 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.12, for a total value of $108,565.76. Following the completion of the transaction, the chief financial officer now directly owns 88,664 shares of the company's stock, valued at $3,379,871.68. This represents a 3.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Blue Bird
Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Blue Bird by 162.8% in the fourth quarter. FMR LLC now owns 4,840,198 shares of the company's stock valued at $186,977,000 after acquiring an additional 2,998,453 shares in the last quarter. First Trust Advisors LP boosted its stake in Blue Bird by 355.3% during the 4th quarter. First Trust Advisors LP now owns 883,404 shares of the company's stock valued at $34,126,000 after purchasing an additional 689,394 shares in the last quarter. Millennium Management LLC boosted its stake in Blue Bird by 236.7% during the 4th quarter. Millennium Management LLC now owns 774,175 shares of the company's stock valued at $29,906,000 after purchasing an additional 544,248 shares in the last quarter. Intrinsic Edge Capital Management LLC increased its position in shares of Blue Bird by 540.2% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 540,435 shares of the company's stock valued at $20,877,000 after purchasing an additional 456,015 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Blue Bird by 66.5% in the 4th quarter. Bank of America Corp DE now owns 782,466 shares of the company's stock worth $30,227,000 after buying an additional 312,493 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.
About Blue Bird
(
Get Free ReportBlue 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.
Featured Articles
Before you consider Blue Bird, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blue Bird wasn't on the list.
While Blue Bird currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
