Blue Bird (NASDAQ:BLBD) Stock Rating Upgraded by StockNews.com

Blue Bird (NASDAQ:BLBD) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

A number of other brokerages have also recently issued reports on BLBD. Bank of America reduced their target price on Blue Bird from $66.00 to $63.50 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Craig Hallum increased their price target on shares of Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Roth Capital cut shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of Blue Bird in a report on Friday, December 13th. Finally, Roth Mkm lowered shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Blue Bird Trading Down 0.7 %

Shares of BLBD stock traded down $0.29 during trading hours on Tuesday, reaching $38.85. The company had a trading volume of 232,834 shares, compared to its average volume of 627,869. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.83. Blue Bird has a 1-year low of $24.08 and a 1-year high of $59.40. The company has a 50 day moving average of $41.64 and a 200 day moving average of $46.95. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.05 and a beta of 1.59.

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 19,171 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total transaction of $822,244.19. Following the completion of the transaction, the chief financial officer now directly owns 89,347 shares of the company’s stock, valued at $3,832,092.83. This represents a 17.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Blue Bird

Institutional investors have recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of Blue Bird during the 3rd quarter worth about $26,000. Truvestments Capital LLC acquired a new stake in shares of Blue Bird in the third quarter valued at about $35,000. Private Trust Co. NA bought a new stake in Blue Bird during the third quarter worth about $38,000. nVerses Capital LLC acquired a new position in Blue Bird during the third quarter valued at approximately $53,000. Finally, Millburn Ridgefield Corp bought a new position in Blue Bird in the third quarter valued at approximately $56,000. 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.