Currently, Blue Bird Corp [BLBD] is trading at $42.39, up 1.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BLBD shares have gain 7.48% over the last week, with a monthly amount glided 2.76%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Blue Bird Corp [NASDAQ: BLBD] stock has seen the most recent analyst activity on October 09, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $55. Previously, ROTH MKM downgraded its rating to Neutral on October 03, 2024, and kept the price target unchanged to $48. On July 17, 2024, Needham reiterated its Buy rating and revised its price target to $65 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $44 on February 29, 2024. Barclays initiated its recommendation with a Overweight and recommended $25 as its price target on September 11, 2023. In a note dated August 18, 2023, BofA Securities initiated an Buy rating and provided a target price of $26.50 on this stock.
This stock has fluctuated between a low of $24.08 and a high of $59.40 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $60 within the next 12 months. Blue Bird Corp [NASDAQ: BLBD] shares were valued at $42.39 at the most recent close of the market. An investor can expect a potential return of 41.54% based on the average BLBD price forecast.
Analyzing the BLBD fundamentals
Trailing Twelve Months sales for Blue Bird Corp [NASDAQ:BLBD] were 1.35B which represents 15.60% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 0.88 and Total Capital is 0.48. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.6.
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 41.88 points at the first support level, and at 41.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.21, and for the 2nd resistance point, it is at 44.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Blue Bird Corp [NASDAQ:BLBD] is 1.37. As well, the Quick Ratio is 0.83, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 8.57 and price to earnings (TTM) ratio is 13.34.
Transactions by insiders
Recent insider trading involved Radulescu Razvan, Chief Financial Officer, that happened on Dec 17 ’24 when 19171.0 shares were sold. Officer, Radulescu Razvan completed a deal on Dec 17 ’24 to buy 19171.0 shares. Meanwhile, Director Thau Daniel Mark bought 700.0 shares on Dec 09 ’24.
