DA Davidson Issues Pessimistic Forecast for Blue Bird (NASDAQ:BLBD) Stock Price

Blue Bird (NASDAQ:BLBD - Get Free Report) had its price target decreased by equities researchers at DA Davidson from $67.00 to $61.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's target price would suggest a potential upside of 76.81% from the stock's current price.

Several other research firms also recently issued reports on BLBD. StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Needham & Company LLC lowered 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Bird presently has an average rating of "Moderate Buy" and an average target price of $57.36.

Blue Bird Trading Down 1.6 %

Blue Bird stock traded down $0.56 during trading on Monday, hitting $34.50. The company's stock had a trading volume of 393,271 shares, compared to its average volume of 665,119. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 0.84 and a beta of 1.38. The stock's fifty day moving average is $34.04 and its 200 day moving average is $38.34. Blue Bird has a 1-year low of $30.04 and a 1-year high of $59.40.

Blue Bird (NASDAQ:BLBD - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities research analysts predict that Blue Bird will post 3.86 EPS for the current year.

Insider Buying and Selling at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 2,848 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.12, for a total transaction 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 trade represents a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Blue Bird

Several large investors have recently modified their holdings of the stock. Dunhill Financial LLC lifted its holdings in Blue Bird by 100.0% during the 4th 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. Quarry LP lifted its position in shares of Blue Bird by 55.0% in the 4th 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. KBC Group NV boosted its holdings in shares of Blue Bird by 75.3% in the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after buying an additional 610 shares during the period. NewEdge Advisors LLC grew its position in shares of Blue Bird by 44.1% during the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company's stock valued at $85,000 after buying an additional 674 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Blue Bird during the fourth quarter worth about $87,000. Institutional investors own 93.59% of the company's stock.

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.