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

Shares of Blue Bird Corporation (NASDAQ:BLBD) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $77.80.

Several research firms have recently issued reports on BLBD. DA Davidson restated a “buy” rating and issued a $86.00 target price on shares of Blue Bird in a report on Monday, June 1st. Barclays raised their price objective on shares of Blue Bird from $55.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Needham & Company LLC raised their price objective on shares of Blue Bird from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Freedom Capital downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, BTIG Research raised their price objective on shares of Blue Bird from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th.

Institutional Trading of Blue Bird

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in Blue Bird by 210.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after purchasing an additional 525 shares during the last quarter. Transamerica Financial Advisors LLC increased 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 worth $39,000 after buying an additional 568 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in 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 valued at $41,000 after buying an additional 702 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Blue Bird during the 4th quarter valued at about $41,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Blue Bird during the 4th quarter valued at about $63,000. Institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Down 3.2%

Shares of NASDAQ:BLBD opened at $69.68 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Blue Bird has a 12 month low of $40.45 and a 12 month high of $81.51. The company has a 50-day moving average price of $64.88 and a 200 day moving average price of $57.02. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 0.98 and a beta of 1.37.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The firm had revenue of $352.64 million during the quarter, compared to the consensus estimate 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, equities research analysts predict that Blue Bird will post 4.35 earnings per share for the current 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.