At the time of writing, Blue Bird Corp [BLBD] stock is trading at $56.74, up 2.75%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BLBD shares have gain 5.84% over the last week, with a monthly amount glided 72.17%, 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.
For the past year, the stock price of Blue Bird Corp fluctuated between $17.59 and $56.41. Currently, Wall Street analysts expect the stock to reach $51 within the next 12 months. Blue Bird Corp [NASDAQ: BLBD] shares were valued at $56.74 at the most recent close of the market. An investor can expect a potential drop of -10.12% based on the average BLBD price forecast.
Analyzing the BLBD fundamentals
According to Blue Bird Corp [NASDAQ:BLBD], the company’s sales were 1.26B for trailing twelve months, which represents an 15.38% jump. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 1.38 and Total Capital is 0.52. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.93.
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 55.49 points at the first support level, and at 54.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.70, and for the 2nd resistance point, it is at 58.67.
Ratios To Look Out For
It is important to note that Blue Bird Corp [NASDAQ:BLBD] has a current ratio of 1.23. Further, the Quick Ratio stands at 0.56, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 17.32 and price to earnings (TTM) ratio is 23.11.
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.
