Analysts Set Blue Bird Co. (NASDAQ:BLBD) Target Price at $60.64

Shares of Blue Bird Co. (NASDAQ:BLBD) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $60.64.

BLBD has been the topic of a number of analyst reports. StockNews.com upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Craig Hallum lifted their target price on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price target on shares of Blue Bird in a report on Tuesday, November 26th. Barclays raised their price target on shares of Blue Bird from $43.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, 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 report on Thursday, October 3rd.

Blue Bird Stock Performance

NASDAQ BLBD opened at $41.72 on Friday. The company’s 50 day simple moving average is $42.79 and its two-hundred day simple moving average is $48.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83. The stock has a market capitalization of $1.35 billion, a PE ratio of 13.12, a P/E/G ratio of 1.07 and a beta of 1.59. Blue Bird has a 1 year low of $19.30 and a 1 year high of $59.40.

Insider Activity

In other Blue Bird news, President Britton Smith sold 2,508 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $49.81, for a total value of $124,923.48. Following the sale, the president now owns 80,617 shares in the company, valued at $4,015,532.77. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Trading of Blue Bird

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Macroview Investment Management LLC purchased a new position in shares of Blue Bird during the second quarter valued at $29,000. National Bank of Canada FI purchased a new position in shares of Blue Bird during the third quarter valued at $26,000. Truvestments Capital LLC purchased a new position in shares of Blue Bird during the third quarter valued at $35,000. Private Trust Co. NA purchased a new position in shares of Blue Bird during the third quarter valued at $38,000. Finally, nVerses Capital LLC purchased a new position in shares of Blue Bird during the third quarter valued at $53,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

About Blue Bird

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.