Blue Bird (BLBD) Receives a Buy from Craig-Hallum

Craig-Hallum analyst Eric Stine maintained a Buy rating on Blue Bird (BLBD – Research Report) today. The company’s shares closed yesterday at $38.24.

Stine covers the Industrials sector, focusing on stocks such as Plug Power, PureCycle Technologies, and Aspen Aerogels. According to TipRanks, Stine has an average return of 6.4% and a 38.20% success rate on recommended stocks.

Currently, the analyst consensus on Blue Bird is a Strong Buy with an average price target of $37.25.

BLBD market cap is currently $1.23B and has a P/E ratio of 20.24.

Based on the recent corporate insider activity of 40 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. Last 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.