Blue Bird Corp [BLBD] stock is trading at $37.54, up 1.16%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BLBD shares have gain 14.35% over the last week, with a monthly amount glided 2.79%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Blue Bird Corp [NASDAQ: BLBD] stock has seen the most recent analyst activity on February 29, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $44. Previously, Barclays started tracking the stock with Overweight rating on September 11, 2023, and set its price target to $25. On September 06, 2023, R. F. Lafferty initiated with a Buy rating. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $26.50 on August 18, 2023. DA Davidson initiated its recommendation with a Buy and recommended $13 as its price target on June 29, 2022. ROTH Capital upgraded its rating to Buy for this stock on February 15, 2022, and upped its price target to $29.
Blue Bird Corp [BLBD] stock has fluctuated between $17.59 and $39.01 over the past year. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Blue Bird Corp [NASDAQ: BLBD] shares were valued at $37.54 at the most recent close of the market. An investor can expect a potential drop of -22.75% based on the average BLBD price forecast.
Analyzing the BLBD fundamentals
Blue Bird Corp [NASDAQ:BLBD] reported sales of 1.21B for the trailing twelve months, which represents a growth of 34.75%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 1.91 and Total Capital is 0.41. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.51 points at the first support level, and at 35.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.07, and for the 2nd resistance point, it is at 38.60.
Blue Bird Corp [BLBD] reported earnings per share of $0.91 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.37/share, meaning a difference of $0.54 and a surprise factor of 145.90%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.66 per share as compared to estimates of $0.48 per share, a difference of $0.18 representing a surprise of 37.50%.
Ratios To Look Out For
For context, Blue Bird Corp’s Current Ratio is 1.30. In addition, the Quick Ratio stands at 0.54 and the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 15.99 and price to earnings (TTM) ratio is 19.87.
Transactions by insiders
Recent insider trading involved Smith Britton, President, that happened on Feb 29 ’24 when 6228.0 shares were sold. Chief Financial Officer, Radulescu Razvan completed a deal on Feb 22 ’24 to sell 15662.0 shares. Meanwhile, 10% Owner ASP BB Holdings LLC sold 4.04 million shares on Feb 21 ’24.
