Blue Bird (NASDAQ:BLBD) Trading 6.2% Higher – What’s Next?

Shares of Blue Bird Co. (NASDAQ:BLBD) traded up 6.2% during trading on Monday . The stock traded as high as $43.39 and last traded at $43.15. 306,656 shares were traded during trading, a decline of 51% from the average session volume of 620,397 shares. The stock had previously closed at $40.65.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BLBD shares. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Craig Hallum raised their target price on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. 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. DA Davidson upped their target price on Blue Bird from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, BTIG Research initiated coverage on shares of Blue Bird in a research report on Wednesday, October 9th. They set a “buy” rating and a $55.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.64.

Blue Bird Stock Up 2.4 %

The company has a quick ratio of 0.66, a current ratio of 1.37 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.34 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62. The firm has a 50 day simple moving average of $43.23 and a 200-day simple moving average of $48.48.

Insider Transactions at Blue Bird

In related news, President Britton Smith sold 2,508 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $49.81, for a total value of $124,923.48. Following the sale, the president now owns 80,617 shares in the company, valued at $4,015,532.77. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Blue Bird

Several institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new stake in shares of Blue Bird in the third quarter valued at $26,000. Macroview Investment Management LLC bought a new stake in shares of Blue Bird during the 2nd quarter valued at $29,000. Truvestments Capital LLC purchased a new stake in shares of Blue Bird in the third quarter worth $35,000. Private Trust Co. NA bought a new position in Blue Bird during the 3rd quarter valued at about $38,000. Finally, nVerses Capital LLC purchased a new position in shares of Blue Bird in the 3rd quarter worth $53,000. 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.