DA Davidson Has Lowered Expectations for Blue Bird (NASDAQ:BLBD) Stock Price

Blue Bird (NASDAQ:BLBD - Get Free Report) had its target price reduced by research analysts at DA Davidson from $67.00 to $61.00 in a report released on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's price objective suggests a potential upside of 70.44% from the company's current price.

BLBD has been the topic of a number of other reports. StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Needham & Company LLC lowered their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Blue Bird currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.36.

Blue Bird Trading Up 1.4 %

Shares of NASDAQ:BLBD traded up $0.50 during mid-day trading on Monday, reaching $35.79. 272,465 shares of the company were exchanged, compared to its average volume of 665,027. Blue Bird has a 1 year low of $30.04 and a 1 year high of $59.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The firm's 50-day simple moving average is $34.04 and its 200 day simple moving average is $38.26. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.84 and a beta of 1.38.

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

Insider Buying and Selling

In other news, CFO Razvan Radulescu sold 2,848 shares of Blue Bird stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.12, for a total value of $108,565.76. Following the transaction, the chief financial officer now directly owns 88,664 shares of the company's stock, valued at $3,379,871.68. The trade was a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BLBD. Dunhill Financial LLC boosted its stake in shares of Blue Bird by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock worth $39,000 after buying an additional 500 shares during the period. Quarry LP raised its stake in Blue Bird by 55.0% during the 4th quarter. Quarry LP now owns 1,262 shares of the company's stock valued at $49,000 after acquiring an additional 448 shares during the last quarter. KBC Group NV lifted its position in Blue Bird by 75.3% during the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock worth $55,000 after acquiring an additional 610 shares during the period. NewEdge Advisors LLC grew its stake in shares of Blue Bird by 44.1% in the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company's stock valued at $85,000 after purchasing an additional 674 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Blue Bird in the fourth quarter valued at approximately $87,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

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.