Craig-Hallum Reaffirms Their Buy Rating on Blue Bird (BLBD)

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 $36.03.

According to TipRanks, Stine is a 4-star analyst with an average return of 5.3% and a 37.50% success rate. Stine covers the Industrials sector, focusing on stocks such as Plug Power, PureCycle Technologies, and Chart Industries.

Blue Bird has an analyst consensus of Strong Buy, with a price target consensus of $37.25.

The company has a one-year high of $37.22 and a one-year low of $17.37. Currently, Blue Bird has an average volume of 527.1K.

Based on the recent corporate insider activity of 36 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. Earlier this month, Britton Smith, the President of BLBD sold 6,228.00 shares for a total of $208,606.86.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.