Blue Bird Co. (NASDAQ:BLBD) Receives Consensus Rating of "Moderate Buy" from Brokerages

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $60.64.

A number of equities research analysts have recently weighed in on BLBD shares. StockNews.com upgraded Blue Bird from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Craig Hallum lifted their price objective on Blue Bird from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday. DA Davidson lifted their price target on Blue Bird from $66.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Needham & Company LLC restated a "buy" rating and set a $66.00 price target on shares of Blue Bird in a research report on Tuesday. Finally, Barclays lifted their price target on Blue Bird from $43.00 to $54.00 and gave the company an "overweight" rating in a research report on Friday, August 9th.

Insider Transactions at Blue Bird

In other Blue Bird news, President Britton Smith sold 2,508 shares of the business's stock in a transaction dated 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 sale, the president now owns 80,617 shares of the company's stock, valued at approximately $4,015,532.77. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Blue Bird

Hedge funds have recently made changes to their positions in the company. Macroview Investment Management LLC purchased a new stake in Blue Bird during the second quarter valued at approximately $29,000. National Bank of Canada FI purchased a new stake in Blue Bird during the third quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new stake in Blue Bird during the third quarter valued at approximately $35,000. Private Trust Co. NA purchased a new stake in Blue Bird during the third quarter valued at approximately $38,000. Finally, nVerses Capital LLC purchased a new stake in shares of Blue Bird in the third quarter worth approximately $53,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Blue Bird Trading Up 0.1 %

BLBD traded up $0.06 on Friday, hitting $40.65. 381,494 shares of the company were exchanged, compared to its average volume of 621,941. The firm has a fifty day simple moving average of $43.51 and a two-hundred day simple moving average of $48.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.66 and a current ratio of 1.37. Blue Bird has a 12 month low of $18.33 and a 12 month high of $59.40. The stock has a market capitalization of $1.31 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62.

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.