Blue Bird Corporation (NASDAQ:BLBD) Receives Consensus Rating of “Moderate Buy” from Analysts

Blue Bird Corporation (NASDAQ:BLBD) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $80.50.

Several equities research analysts have recently issued reports on the company. Zacks Research lowered Blue Bird from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Freedom Capital lowered shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Needham & Company LLC increased their price target on shares of Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barclays increased their price target on shares of Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, DA Davidson set a $86.00 price target on shares of Blue Bird in a research note on Tuesday, June 9th.

Institutional Investors Weigh In On Blue Bird

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its stake in shares of Blue Bird by 10,028.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 702 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Blue Bird by 210.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after acquiring an additional 525 shares during the period. Transamerica Financial Advisors LLC raised its stake in Blue Bird by 222.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock valued at $39,000 after acquiring an additional 568 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Blue Bird in the 4th quarter valued at about $41,000. Finally, Larson Financial Group LLC raised its stake in Blue Bird by 1,742.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,308 shares of the company’s stock valued at $75,000 after acquiring an additional 1,237 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Price Performance

Shares of NASDAQ BLBD opened at $78.81 on Friday. Blue Bird has a fifty-two week low of $42.00 and a fifty-two week high of $81.51. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.83. The firm’s 50-day simple moving average is $69.06 and its 200 day simple moving average is $59.32.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The business had revenue of $352.64 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same quarter last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Blue Bird will post 4.35 earnings per share for the current fiscal year.

About Blue Bird

Blue Bird Corporation (NASDAQ: BLBD) is a leading manufacturer of buses and mass transportation vehicles headquartered in Fort Valley, Georgia. The company’s core business encompasses the design, engineering, and production of school buses and activity buses, with a product lineup that includes conventional (Type C) models, transit-style (Type D) models and specialty configurations for special-needs and activity transport. In recent years, Blue Bird has expanded its offerings to include zero-emission electric school buses, reflecting its commitment to advanced propulsion technologies and environmental sustainability.

Established in 1927, Blue Bird has built a legacy of safety and reliability in student transportation.