Blue Bird (NASDAQ:BLBD) Upgraded at StockNews.com

StockNews.com upgraded shares of Blue Bird (NASDAQ:BLBD) from a hold rating to a buy rating in a research note published on Tuesday morning.

Other research analysts have also recently issued research reports about the stock. Roth Mkm cut shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research note on Thursday, October 3rd. Bank of America cut their target price on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price target on shares of Blue Bird in a research note on Friday, December 13th. Roth Capital lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Craig Hallum boosted their target price on Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Blue Bird currently has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Blue Bird Price Performance

NASDAQ BLBD opened at $40.02 on Tuesday. Blue Bird has a fifty-two week low of $24.08 and a fifty-two week high of $59.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37. The company has a market capitalization of $1.29 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.05 and a beta of 1.59. The business’s fifty day moving average is $41.38 and its 200 day moving average is $46.77.

Insider Buying and Selling

In other Blue Bird news, CFO Razvan Radulescu sold 19,171 shares of Blue Bird stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total transaction of $822,244.19. Following the completion of the transaction, the chief financial officer now directly owns 89,347 shares of the company’s stock, valued at $3,832,092.83. The trade was a 17.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blue Bird

Hedge funds and other institutional investors have recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in Blue Bird in the 3rd quarter worth about $26,000. Truvestments Capital LLC purchased a new stake in shares of Blue Bird in the third quarter worth approximately $35,000. Private Trust Co. NA bought a new stake in shares of Blue Bird during the 3rd quarter worth approximately $38,000. nVerses Capital LLC purchased a new position in Blue Bird during the 3rd quarter valued at $53,000. Finally, Millburn Ridgefield Corp purchased a new stake in Blue Bird in the third quarter worth $56,000. 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.