Blue Bird (NASDAQ:BLBD) Lowered to “Hold” Rating by StockNews.com

Blue Bird (NASDAQ:BLBD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

BLBD has been the subject of several other reports. Roth Capital cut Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. BTIG Research assumed coverage on shares of Blue Bird in a research note on Wednesday, October 9th. They set a “buy” rating and a $55.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $66.00 price target on shares of Blue Bird in a report on Friday, December 13th. Roth Mkm lowered shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Thursday, October 3rd. Finally, Craig Hallum boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Blue Bird currently has an average rating of “Moderate Buy” and an average target price of $60.64.

Blue Bird Stock Down 0.0 %

BLBD stock opened at $44.37 on Monday. The firm has a market capitalization of $1.43 billion, a PE ratio of 13.95, a PEG ratio of 1.05 and a beta of 1.59. The business’s 50 day simple moving average is $41.90 and its 200 day simple moving average is $47.39. Blue Bird has a 1-year low of $24.08 and a 1-year high of $59.40. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Macroview Investment Management LLC bought a new stake in Blue Bird in the second quarter valued at about $29,000. National Bank of Canada FI purchased a new stake in shares of Blue Bird in the third quarter worth $26,000. Truvestments Capital LLC bought a new position in shares of Blue Bird during the 3rd quarter valued at $35,000. Private Trust Co. NA bought a new position in shares of Blue Bird in the third quarter worth approximately $38,000. Finally, nVerses Capital LLC bought a new stake in Blue Bird during the 3rd quarter valued at $53,000. 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.