A share price of Blue Bird Corp [BLBD] is currently trading at $49.69, up 3.35%. One of the good ways to gauge the recent performance is if 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 drifted -3.27%, and not 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 July 17, 2024, when Needham reiterated its Buy rating and also boosted its price target to $65 from $52. Previously, Needham started tracking the stock with Buy rating on February 29, 2024, and set its price target to $44. On September 11, 2023, Barclays initiated with a Overweight rating and assigned a price target of $25 on the stock. R. F. Lafferty started tracking the stock assigning a Buy rating. BofA Securities initiated its recommendation with a Buy and recommended $26.50 as its price target on August 18, 2023. DA Davidson started tracking with a Buy rating for this stock on June 29, 2022, and assigned it a price target of $13. In a note dated February 15, 2022, ROTH Capital upgraded an Buy rating on this stock and boosted its target price from $16 to $29.
Blue Bird Corp experienced fluctuations in its stock price throughout the past year between $17.59 and $59.40. Currently, Wall Street analysts expect the stock to reach $53.5 within the next 12 months. Blue Bird Corp [NASDAQ: BLBD] shares were valued at $49.69 at the most recent close of the market. An investor can expect a potential return of 7.67% based on the average BLBD price forecast.
Analyzing the BLBD fundamentals
Trailing Twelve Months sales for Blue Bird Corp [NASDAQ:BLBD] were 1.30B which represents 13.28% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 1.11 and Total Capital is 0.53. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 48.21 points at the first support level, and at 46.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.73, and for the 2nd resistance point, it is at 51.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Blue Bird Corp [NASDAQ:BLBD] is 1.40. Also, the Quick Ratio is 0.66, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 11.70 and price to earnings (TTM) ratio is 16.44.
Transactions by insiders
Recent insider trading involved Horlock Phil, Chief Executive Officer, that happened on Aug 26 ’24 when 32159.0 shares were sold. Chief Executive Officer, Horlock Phil completed a deal on Aug 23 ’24 to sell 16080.0 shares. Meanwhile, Officer Horlock Phil bought 55399.0 shares on Aug 23 ’24.
