StockNews.com lowered shares of Blue Bird (NASDAQ:BLBD - Free Report) from a buy rating to a hold rating in a research note published on Wednesday morning.
A number of other analysts have also recently weighed in on the company. Craig Hallum raised their price target on Blue Bird from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. 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. Finally, Bank of America cut their price target on Blue Bird from $66.00 to $63.50 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $58.21.
Read Our Latest Research Report on BLBD
Blue Bird Stock Up 2.7 %
Shares of NASDAQ BLBD traded up $0.89 during mid-day trading on Wednesday, hitting $33.92. The company had a trading volume of 459,220 shares, compared to its average volume of 751,880. The company has a market capitalization of $1.09 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. Blue Bird has a 1-year low of $30.67 and a 1-year high of $59.40. The business's 50-day simple moving average is $37.60 and its 200 day simple moving average is $41.94.
Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. On average, analysts predict that Blue Bird will post 3.86 earnings per share for the current year.
Insider Transactions at Blue Bird
In other news, CFO Razvan Radulescu sold 2,848 shares of Blue Bird 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 in the company, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.
Hedge Funds Weigh In On Blue Bird
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Freedom Investment Management Inc. grew its holdings in shares of Blue Bird by 4.9% during the fourth quarter. Freedom Investment Management Inc. now owns 8,461 shares of the company's stock worth $327,000 after buying an additional 392 shares during the last quarter. Quarry LP grew its holdings in shares of Blue Bird by 55.0% during the fourth quarter. Quarry LP now owns 1,262 shares of the company's stock worth $49,000 after buying an additional 448 shares during the last quarter. Dunhill Financial LLC grew its holdings in shares of Blue Bird by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock worth $39,000 after buying an additional 500 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Blue Bird during the third quarter worth about $26,000. Finally, KBC Group NV grew its holdings in shares of Blue Bird by 75.3% during the fourth quarter. KBC Group NV now owns 1,420 shares of the company's stock worth $55,000 after buying an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.
Blue Bird Company Profile
(
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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