In a report released today, Michael Shlisky from D.A. Davidson maintained a Buy rating on Blue Bird (BLBD – Research Report), with a price target of $44.00. The company’s shares closed yesterday at $46.72.
According to TipRanks, Shlisky is an analyst with an average return of -1.4% and a 37.74% success rate. Shlisky covers the Industrials sector, focusing on stocks such as Alamo Group, Wabash National, and Custom Truck One Source.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blue Bird with a $45.10 average price target, representing a -3.47% downside. In a report released today, Barclays also maintained a Buy rating on the stock with a $43.00 price target.
Based on Blue Bird’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $317.66 million and a net profit of $26.15 million. In comparison, last year the company earned a revenue of $235.73 million and had a GAAP net loss of $11.29 million
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. Most recently, in March 2024, 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.
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