Craig Hallum Raises Blue Bird (NASDAQ:BLBD) Price Target to $71.00

Blue Bird (NASDAQ:BLBD) had its price objective boosted by Craig Hallum from $68.00 to $71.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Roth Mkm cut shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Thursday, October 3rd. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Barclays lifted their target price on Blue Bird from $43.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Roth Capital cut Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $66.00 price objective on shares of Blue Bird in a report on Tuesday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.64.

Blue Bird Stock Performance

Shares of NASDAQ BLBD opened at $40.69 on Tuesday. Blue Bird has a 12 month low of $17.79 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 company has a market cap of $1.32 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.20 and a beta of 1.62. The business’s 50 day moving average is $43.97 and its two-hundred day moving average is $48.70.

Insider Activity

In other Blue Bird news, President Britton Smith sold 2,508 shares of Blue Bird stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $49.81, for a total transaction of $124,923.48. Following the completion of the transaction, the president now directly owns 80,617 shares of the company’s stock, valued at approximately $4,015,532.77. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Blue Bird

Institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in Blue Bird during the third quarter worth about $26,000. Macroview Investment Management LLC bought a new stake in Blue Bird during the 2nd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in Blue Bird during the 3rd quarter valued at $35,000. Private Trust Co. NA bought a new position in Blue Bird in the 3rd quarter valued at $38,000. Finally, nVerses Capital LLC acquired a new position in Blue Bird in the third quarter worth $53,000. 93.59% of the stock is owned by institutional investors.

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.