Blue Bird Co. (NASDAQ:BLBD) Receives $58.21 Consensus Target Price from Analysts

Shares of Blue Bird Co. (NASDAQ:BLBD - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $58.21.

BLBD has been the topic of a number of analyst reports. Needham & Company LLC cut their price target on Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded Blue Bird from a "hold" rating to a "buy" rating in a report on Thursday.

Blue Bird Trading Down 1.0 %

Blue Bird stock traded down $0.34 during mid-day trading on Thursday, hitting $32.09. The stock had a trading volume of 780,428 shares, compared to its average volume of 663,183. The stock has a market capitalization of $1.03 billion, a PE ratio of 9.93, a P/E/G ratio of 0.84 and a beta of 1.38. Blue Bird has a 12 month low of $29.62 and a 12 month high of $59.40. The company has a current ratio of 1.44, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $34.87 and a two-hundred day simple moving average of $39.63.

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Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. As a group, sell-side analysts forecast that Blue Bird will post 3.86 EPS for the current year.

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 2,848 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.12, for a total transaction of $108,565.76. Following the sale, the chief financial officer now owns 88,664 shares of the company's stock, valued at $3,379,871.68. This trade represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Trading of Blue Bird

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Blue Bird by 60.7% during the third quarter. Principal Financial Group Inc. now owns 58,019 shares of the company's stock worth $2,783,000 after acquiring an additional 21,919 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Blue Bird by 34.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company's stock worth $14,784,000 after purchasing an additional 79,129 shares during the period. Encompass More Asset Management acquired a new position in Blue Bird in the 4th quarter worth $1,376,000. Ieq Capital LLC bought a new position in Blue Bird during the 4th quarter worth about $354,000. Finally, State Street Corp raised its stake in shares of Blue Bird by 8.4% in the 3rd quarter. State Street Corp now owns 725,573 shares of the company's stock valued at $34,798,000 after purchasing an additional 56,449 shares during the period. 93.59% of the stock is owned by 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.