Blue Bird Co. (NASDAQ:BLBD) Receives $57.36 Average PT from Analysts

Shares of Blue Bird Co. (NASDAQ:BLBD - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $57.36.

A number of equities analysts recently weighed in on BLBD shares. Needham & Company LLC reduced their price target on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, February 6th. StockNews.com raised shares of Blue Bird from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Finally, DA Davidson reduced their price target on shares of Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a research report on Monday, April 21st.

Insider Transactions at Blue Bird

In other news, CFO Razvan Radulescu sold 2,848 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.12, for a total value of $108,565.76. Following the completion of the transaction, the chief financial officer now owns 88,664 shares in the company, valued at $3,379,871.68. This trade represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Blue Bird

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Blue Bird by 162.8% during the 4th quarter. FMR LLC now owns 4,840,198 shares of the company's stock valued at $186,977,000 after buying an additional 2,998,453 shares during the period. First Trust Advisors LP boosted its holdings in shares of Blue Bird by 355.3% in the 4th quarter. First Trust Advisors LP now owns 883,404 shares of the company's stock valued at $34,126,000 after buying an additional 689,394 shares during the period. Millennium Management LLC raised its position in shares of Blue Bird by 236.7% during the 4th quarter. Millennium Management LLC now owns 774,175 shares of the company's stock worth $29,906,000 after purchasing an additional 544,248 shares during the period. Intrinsic Edge Capital Management LLC lifted its stake in Blue Bird by 540.2% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 540,435 shares of the company's stock valued at $20,877,000 after buying an additional 456,015 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Blue Bird by 66.5% during the 4th quarter. Bank of America Corp DE now owns 782,466 shares of the company's stock valued at $30,227,000 after purchasing an additional 312,493 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Blue Bird Stock Down 1.4 %

Blue Bird stock traded down $0.48 during mid-day trading on Monday, reaching $34.87. 412,404 shares of the company were exchanged, compared to its average volume of 664,682. Blue Bird has a 12-month low of $30.04 and a 12-month high of $59.40. The business has a fifty day moving average of $34.04 and a 200 day moving average of $38.11. The firm has a market cap of $1.12 billion, a P/E ratio of 10.80, a PEG ratio of 0.84 and a beta of 1.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44.

Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. Research analysts anticipate that Blue Bird will post 3.86 earnings per share for the current fiscal year.

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.