In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Blue Bird (BLBD – Research Report). The company’s shares closed yesterday at $20.57.
Stine covers the Energy sector, focusing on stocks such as Broadwind Energy, Plug Power, and Enphase Energy. According to TipRanks, Stine has an average return of 8.1% and a 36.17% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blue Bird with a $26.38 average price target.
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BLBD market cap is currently $661.6M and has a P/E ratio of -36.33.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLBD in relation to earlier this year.
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Blue Bird (BLBD) Company Description:
Blue Bird Corp. engages in the design and manufacture of school buses. It operates through the Bus and Parts business segments. The Bus segment includes the manufacturing and assembly of school buses to be sold to a variety of customers across the United States, Canada, and in international markets. The Parts segment provides routine maintenance, replacement of parts that are damaged in service, and replacement of parts that suffer from wear and tear. The company was founded by Albert Laurence Luce in 1927 and is headquartered in Macon, GA.
Read More on BLBD:
- Blue Bird offers to sell 2.5M shares of common stock of holders
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- Blue Bird initiated with an Overweight at Barclays
- Blue Bird initiated with a Buy at R.F. Lafferty
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