Blue Bird Co. (NASDAQ:BLBD) Receives $61.00 Average PT from Analysts

Blue Bird Co. (NASDAQ:BLBD - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $61.00.

A number of brokerages recently weighed in on BLBD. StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Roth Capital cut Blue Bird from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 3rd. Barclays upped their target price on Blue Bird from $43.00 to $54.00 and gave the company an "overweight" rating in a report on Friday, August 9th. BTIG Research initiated coverage on Blue Bird in a research note on Wednesday, October 9th. They issued a "buy" rating and a $55.00 price target on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $72.00 price objective on shares of Blue Bird in a report on Tuesday, September 10th.

Insider Activity at Blue Bird

In other Blue Bird news, CEO Phil Horlock sold 16,080 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $47.34, for a total value of $761,227.20. Following the completion of the sale, the chief executive officer now owns 331,971 shares in the company, valued at $15,715,507.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Blue Bird news, President Britton Smith sold 2,508 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total value of $124,923.48. Following the completion of the sale, the president now directly owns 80,617 shares of the company's stock, valued at $4,015,532.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Phil Horlock sold 16,080 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $47.34, for a total transaction of $761,227.20. Following the transaction, the chief executive officer now owns 331,971 shares in the company, valued at approximately $15,715,507.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,240 shares of company stock valued at $2,725,146. Corporate insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Blue Bird

A number of large investors have recently bought and sold shares of BLBD. Quarry LP lifted its position in shares of Blue Bird by 43.9% in the second quarter. Quarry LP now owns 1,174 shares of the company's stock worth $63,000 after buying an additional 358 shares during the last quarter. Savant Capital LLC boosted its position in Blue Bird by 3.4% during the second quarter. Savant Capital LLC now owns 11,473 shares of the company's stock worth $618,000 after purchasing an additional 382 shares during the period. Macroview Investment Management LLC acquired a new stake in shares of Blue Bird in the second quarter worth $29,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Blue Bird by 22.5% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,325 shares of the company's stock worth $179,000 after buying an additional 610 shares during the period. Finally, Creative Planning raised its holdings in Blue Bird by 13.5% in the 3rd quarter. Creative Planning now owns 5,937 shares of the company's stock worth $285,000 after acquiring an additional 707 shares during the period. 93.59% of the stock is currently owned by institutional investors.

Blue Bird Price Performance

NASDAQ BLBD traded up $1.47 on Monday, reaching $43.54. 1,126,111 shares of the stock traded hands, compared to its average volume of 583,877. Blue Bird has a 12 month low of $17.59 and a 12 month high of $59.40. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm's fifty day simple moving average is $46.73 and its 200 day simple moving average is $48.26. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 0.20 and a beta of 1.62.

Blue Bird (NASDAQ:BLBD - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.42. Blue Bird had a return on equity of 116.23% and a net margin of 7.65%. The firm had revenue of $333.37 million for the quarter, compared to analyst estimates of $330.00 million. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, research analysts predict that Blue Bird will post 3.22 EPS for the current fiscal year.

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.