Blue Bird (NASDAQ:BLBD - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Saturday.
Separately, 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.21.
Read Our Latest Report on BLBD
Blue Bird Stock Down 2.0 %
NASDAQ BLBD traded down $0.69 during trading hours on Friday, hitting $33.01. 232,905 shares of the company were exchanged, compared to its average volume of 665,610. The company has a 50 day moving average of $34.39 and a two-hundred day moving average of $38.76. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.84 and a beta of 1.38. Blue Bird has a 52-week low of $30.04 and a 52-week high of $59.40.
Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that Blue Bird will post 3.86 earnings per share for the current year.
Insider Activity at Blue Bird
In other 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 sale, the chief financial officer now directly owns 88,664 shares of the company's stock, valued at approximately $3,379,871.68. This represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.
Institutional Trading of Blue Bird
Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its stake in 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 purchasing an additional 2,998,453 shares during the period. First Trust Advisors LP grew its holdings in shares of Blue Bird by 355.3% during the fourth quarter. First Trust Advisors LP now owns 883,404 shares of the company's stock worth $34,126,000 after buying an additional 689,394 shares during the last quarter. Millennium Management LLC increased its position in Blue Bird by 236.7% in the 4th quarter. Millennium Management LLC now owns 774,175 shares of the company's stock valued at $29,906,000 after acquiring an additional 544,248 shares during the period. Intrinsic Edge Capital Management LLC raised its stake in 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 acquiring an additional 456,015 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Blue Bird by 66.5% during the 4th quarter. Bank of America Corp DE now owns 782,466 shares of the company's stock worth $30,227,000 after acquiring an additional 312,493 shares during the period. Hedge funds and other institutional investors own 93.59% of the company's stock.
About Blue Bird
(
Get Free Report)
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.
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