Blue Bird (NASDAQ:BLBD) Given New $71.00 Price Target at Craig Hallum

Blue Bird (NASDAQ:BLBDGet Free Report) had its target price upped by equities researchers at Craig Hallum from $68.00 to $71.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price target suggests a potential upside of 65.77% from the stock’s previous close.

BLBD has been the subject of several other reports. Barclays raised their price objective on shares of Blue Bird from $43.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Roth Mkm downgraded 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. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price objective on shares of Blue Bird in a report on Tuesday. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, BTIG Research assumed coverage on Blue Bird in a research note on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

View Our Latest Report on BLBD

Blue Bird Trading Up 4.0 %

NASDAQ:BLBD traded up $1.65 during trading hours on Tuesday, hitting $42.83. The company had a trading volume of 1,747,514 shares, compared to its average volume of 614,312. Blue Bird has a 1 year low of $17.79 and a 1 year high of $59.40. The company has a current ratio of 1.40, a quick ratio of 0.66 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $44.16 and a 200 day moving average of $48.75. The company has a market cap of $1.39 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.20 and a beta of 1.62.

Insider Buying and Selling

In other Blue Bird news, President Britton Smith sold 2,508 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total transaction of $124,923.48. Following the sale, the president now directly 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 filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Blue Bird

Several hedge funds have recently modified their holdings of BLBD. Vanguard Group Inc. grew its stake in Blue Bird by 36.0% during the 1st quarter. Vanguard Group Inc. now owns 1,911,645 shares of the company’s stock worth $73,292,000 after purchasing an additional 505,727 shares in the last quarter. American International Group Inc. grew its position in shares of Blue Bird by 9.5% during the first quarter. American International Group Inc. now owns 13,782 shares of the company’s stock worth $528,000 after buying an additional 1,191 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Blue Bird during the first quarter worth approximately $145,000. Public Employees Retirement System of Ohio purchased a new position in Blue Bird in the first quarter worth approximately $4,000,000. Finally, California State Teachers Retirement System grew its holdings in Blue Bird by 23.7% during the 1st quarter. California State Teachers Retirement System now owns 31,742 shares of the company’s stock worth $1,217,000 after acquiring an additional 6,088 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Company Profile

(Get Free Report)

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.

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