Blue Bird (NASDAQ:BLBD) Price Target Raised to $66.00

Blue Bird (NASDAQ:BLBD) had its target price lifted by DA Davidson from $44.00 to $66.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently commented on BLBD. Barclays increased their price target on Blue Bird from $35.00 to $43.00 and gave the company an overweight rating in a research report on Friday, May 10th. Roth Mkm upped their price objective on Blue Bird from $40.00 to $43.00 and gave the company a buy rating in a research note on Thursday, May 9th. Finally, Needham & Company LLC upped their price objective on Blue Bird from $44.00 to $52.00 and gave the company a buy rating in a research note on Thursday, May 9th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Blue Bird presently has an average rating of Buy and a consensus price target of $44.75.

Blue Bird Stock Performance

Shares of NASDAQ BLBD opened at $53.61 on Monday. The stock has a 50 day moving average price of $38.79 and a 200 day moving average price of $30.53. Blue Bird has a 52 week low of $17.59 and a 52 week high of $56.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 1.23. The stock has a market capitalization of $1.73 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40.

Insider Buying and Selling at Blue Bird

In other Blue Bird news, President Britton Smith sold 6,228 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $33.49, for a total value of $208,575.72. Following the sale, the president now owns 87,250 shares in the company, valued at approximately $2,922,002.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Blue Bird

A number of institutional investors have recently made changes to their positions in BLBD. Teacher Retirement System of Texas lifted its stake in shares of Blue Bird by 8.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 13,029 shares of the company’s stock valued at $278,000 after purchasing an additional 960 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Blue Bird in the 3rd quarter valued at about $452,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Blue Bird by 7.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,225 shares of the company’s stock valued at $539,000 after purchasing an additional 1,647 shares during the period. Barclays PLC lifted its stake in shares of Blue Bird by 496.2% in the 3rd quarter. Barclays PLC now owns 221,227 shares of the company’s stock valued at $4,723,000 after purchasing an additional 184,121 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Blue Bird in the 3rd quarter valued at about $5,685,000. 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.