Brokerages Set Blue Bird Corporation (NASDAQ:BLBD) PT at $82.17

Blue Bird Corporation (NASDAQ:BLBD) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $82.1667.

BLBD has been the topic of a number of analyst reports. Zacks Research raised Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered Blue Bird from a “buy” rating to a “hold” rating in a research report on Saturday. BTIG Research lifted 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. 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, DA Davidson set a $86.00 price target on shares of Blue Bird in a research report on Tuesday, June 9th.

Blue Bird Price Performance

Blue Bird stock opened at $73.89 on Wednesday. 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 has a market cap of $2.34 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.03 and a beta of 1.35. Blue Bird has a 52 week low of $42.95 and a 52 week high of $83.39. The business’s fifty day moving average is $74.23 and its two-hundred day moving average is $63.69.

Blue Bird (NASDAQ:BLBD) last announced its earnings results 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. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. The company had revenue of $352.63 million for the quarter, compared to analyst estimates of $335.23 million. During the same period in the prior year, the business earned $0.96 earnings per share. Blue Bird’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts forecast that Blue Bird will post 4.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blue Bird

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Blue Bird by 85.5% during the second quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock worth $50,000 after acquiring an additional 290 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Blue Bird by 7.0% in the 1st quarter. Quantinno Capital Management LP now owns 4,950 shares of the company’s stock valued at $281,000 after purchasing an additional 324 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Blue Bird by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock valued at $272,000 after purchasing an additional 372 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Blue Bird by 8.7% during the fourth quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock worth $261,000 after buying an additional 417 shares in the last quarter. Finally, R Squared Ltd raised its position in Blue Bird by 11.0% in the 4th quarter. R Squared Ltd now owns 4,464 shares of the company’s stock valued at $210,000 after buying an additional 443 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

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.