Blue Bird Co. (NASDAQ:BLBD) Receives $34.58 Average Price Target from Analysts

Shares of Blue Bird Co. (NASDAQ:BLBD) have earned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.58.

Several analysts have commented on the stock. StockNews.com cut shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 2nd. Barclays boosted their price objective on shares of Blue Bird from $25.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Roth Mkm boosted their price objective on shares of Blue Bird from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC assumed coverage on shares of Blue Bird in a research note on Thursday, February 29th. They set a “buy” rating and a $44.00 price objective for the company.

Insider Activity at Blue Bird

In other Blue Bird news, major shareholder Asp Bb Holdings Llc sold 4,042,650 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $32.90, for a total value of $133,003,185.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Asp Bb Holdings Llc sold 4,042,650 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.90, for a total transaction of $133,003,185.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Phil Horlock sold 50,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $29.00, for a total transaction of $1,450,000.00. Following the transaction, the chief executive officer now owns 449,812 shares in the company, valued at approximately $13,044,548. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,257,597 shares of company stock worth $139,735,973. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Blue Bird

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in Blue Bird by 2,177.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 55,342 shares of the company’s stock valued at $2,122,000 after purchasing an additional 52,912 shares during the period. Oliver Luxxe Assets LLC boosted its holdings in Blue Bird by 35.8% in the 1st quarter. Oliver Luxxe Assets LLC now owns 44,730 shares of the company’s stock valued at $1,715,000 after purchasing an additional 11,793 shares during the period. Quadrature Capital Ltd bought a new stake in Blue Bird in the 4th quarter valued at $1,702,000. Virtu Financial LLC bought a new stake in Blue Bird in the 4th quarter valued at $370,000. Finally, Brightline Capital Management LLC bought a new stake in Blue Bird in the 4th quarter valued at $7,279,000. 93.59% of the stock is owned by institutional investors.

Blue Bird Price Performance

BLBD stock opened at $33.98 on Thursday. The firm has a 50 day moving average of $34.36 and a 200-day moving average of $26.94. Blue Bird has a 12-month low of $17.43 and a 12-month high of $39.01. The company has a current ratio of 1.30, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 0.48 and a beta of 1.36.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.52. Blue Bird had a net margin of 5.04% and a return on equity of 223.85%. The business had revenue of $317.66 million during the quarter, compared to analysts’ expectations of $265.00 million. As a group, equities analysts expect that Blue Bird will post 1.87 EPS for the current fiscal year.

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.