Blue Bird (NASDAQ:BLBD - Free Report) had its target price trimmed by Needham & Company LLC from $72.00 to $66.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.
Other equities analysts have also issued reports about the stock. DA Davidson increased their price target on shares of Blue Bird from $66.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Barclays increased their price target on shares of Blue Bird from $43.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, August 9th. Roth Mkm lowered shares of Blue Bird from a "buy" rating to a "neutral" rating and set a $48.00 price target on the stock. in a research note on Thursday, October 3rd. StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Roth Capital lowered shares of Blue Bird from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Blue Bird has an average rating of "Moderate Buy" and an average target price of $60.14.
Check Out Our Latest Stock Analysis on BLBD
Blue Bird Stock Up 0.4 %
Blue Bird stock traded up $0.18 during mid-day trading on Monday, hitting $41.72. The company had a trading volume of 762,011 shares, compared to its average volume of 599,986. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.20 and a beta of 1.62. Blue Bird has a 1 year low of $17.79 and a 1 year 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 business has a fifty day moving average of $46.06 and a 200 day moving average of $48.46.
Insider Buying and Selling
In related news, President Britton Smith sold 2,508 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $48.00, for a total transaction of $120,384.00. Following the completion of the sale, the president now directly owns 83,125 shares of the company's stock, valued at $3,990,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Ted Scartz sold 2,985 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $48.60, for a total transaction of $145,071.00. Following the completion of the sale, the senior vice president now directly owns 51,863 shares of the company's stock, valued at $2,520,541.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Britton Smith sold 2,508 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $48.00, for a total value of $120,384.00. Following the sale, the president now directly owns 83,125 shares of the company's stock, valued at approximately $3,990,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,240 shares of company stock valued at $2,725,146 over the last three months. 2.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Blue Bird
A number of hedge funds and other institutional investors have recently bought and sold shares of BLBD. Covestor Ltd acquired a new stake in Blue Bird in the first quarter valued at $29,000. Macroview Investment Management LLC acquired a new stake in Blue Bird in the second quarter valued at $29,000. nVerses Capital LLC acquired a new stake in Blue Bird in the third quarter valued at $53,000. Quarry LP lifted its holdings in Blue Bird by 43.9% in the second quarter. Quarry LP now owns 1,174 shares of the company's stock valued at $63,000 after acquiring an additional 358 shares during the period. Finally, Signaturefd LLC lifted its holdings in Blue Bird by 1,227.7% in the third quarter. Signaturefd LLC now owns 1,580 shares of the company's stock valued at $76,000 after acquiring an additional 1,461 shares during the period. Institutional investors and hedge funds own 93.59% of the company's stock.
About Blue Bird
(
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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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