Blue Bird Corporation (NASDAQ:BLBD) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Blue Bird Corporation (NASDAQ:BLBD) have received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $82.1667.

Several research firms recently weighed in on BLBD. DA Davidson set a $86.00 price target on shares of Blue Bird in a report on Tuesday, June 9th. Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Roth Capital began coverage on Blue Bird in a research report on Thursday, June 25th. They set a “buy” rating and a $94.00 price target for the company. Barclays boosted their price objective on Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, BTIG Research upped their price objective on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 7th.

Hedge Funds Weigh In On Blue Bird

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Blue Bird by 85.5% in the second quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock worth $50,000 after buying an additional 290 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Blue Bird by 7.0% in the first quarter. Quantinno Capital Management LP now owns 4,950 shares of the company’s stock valued at $281,000 after acquiring an additional 324 shares during the period. ProShare Advisors LLC grew its stake in Blue Bird by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock valued at $272,000 after acquiring an additional 372 shares in the last quarter. Brooklyn Investment Group grew its stake in Blue Bird by 8.7% during the fourth quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock valued at $261,000 after acquiring an additional 417 shares in the last quarter. Finally, R Squared Ltd increased its holdings in Blue Bird by 11.0% during the 4th quarter. R Squared Ltd now owns 4,464 shares of the company’s stock worth $210,000 after acquiring an additional 443 shares during the period. Institutional investors own 93.59% of the company’s stock.

Blue Bird Trading Down 0.3%

NASDAQ BLBD opened at $81.28 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $73.61 and a 200 day simple moving average of $62.65. Blue Bird has a 12 month low of $42.89 and a 12 month high of $83.39. The firm has a market capitalization of $2.57 billion, a P/E ratio of 19.97, a PEG ratio of 1.10 and a beta of 1.35.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $352.63 million for the quarter, compared to the consensus estimate of $335.23 million. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. On average, analysts predict that Blue Bird will post 4.5 EPS for the current fiscal year.

Blue Bird Company Profile

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.