Blue Bird Co. (NASDAQ:BLBD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Blue Bird Co. (NASDAQ:BLBD) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $60.64.

Several research analysts have commented on BLBD shares. BTIG Research initiated coverage on Blue Bird in a research note on Wednesday, October 9th. They set a “buy” rating and a $55.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $66.00 price objective on shares of Blue Bird in a research report on Friday, December 13th. Bank of America cut their target price on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Craig Hallum upped their price target on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th.

Blue Bird Trading Down 2.0 %

Shares of BLBD opened at $38.66 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37. Blue Bird has a 52-week low of $24.08 and a 52-week high of $59.40. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.05 and a beta of 1.59. The business’s fifty day moving average is $41.04 and its 200-day moving average is $46.33.

Insiders Place Their Bets

In other news, CFO Razvan Radulescu sold 19,171 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total value of $822,244.19. Following the transaction, the chief financial officer now owns 89,347 shares in the company, valued at approximately $3,832,092.83. The trade was a 17.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Blue Bird

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in Blue Bird during the 3rd quarter worth about $26,000. Truvestments Capital LLC acquired a new stake in Blue Bird during the third quarter worth approximately $35,000. Private Trust Co. NA bought a new stake in Blue Bird in the third quarter worth approximately $38,000. nVerses Capital LLC acquired a new position in Blue Bird in the third quarter valued at approximately $53,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Blue Bird during the 3rd quarter worth approximately $56,000. 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.