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

Blue Bird Corporation (NASDAQ:BLBD) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $64.60.

Several equities analysts have commented on BLBD shares. DA Davidson upped their price objective on shares of Blue Bird from $70.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Blue Bird in a report on Tuesday, November 25th. BTIG Research restated a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a report on Tuesday, November 25th. Zacks Research lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Bank of America boosted their price target on Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th.

Insider Transactions at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 7,984 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $50.39, for a total transaction of $402,313.76. Following the transaction, the chief financial officer owned 49,087 shares in the company, valued at $2,473,493.93. This represents a 13.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Phil Horlock sold 15,381 shares of Blue Bird stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $50.42, for a total transaction of $775,510.02. Following the completion of the sale, the director owned 225,385 shares of the company’s stock, valued at approximately $11,363,911.70. The trade was a 6.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Institutional Trading of Blue Bird

Several large investors have recently modified their holdings of BLBD. American Century Companies Inc. increased its holdings in Blue Bird by 40.0% in the 2nd quarter. American Century Companies Inc. now owns 2,267,131 shares of the company’s stock valued at $97,849,000 after buying an additional 647,637 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Blue Bird by 13.6% in the first quarter. Alliancebernstein L.P. now owns 936,495 shares of the company’s stock worth $30,314,000 after acquiring an additional 112,197 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Blue Bird by 185.6% during the third quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock worth $53,283,000 after buying an additional 601,690 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Blue Bird by 27.9% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 823,096 shares of the company’s stock valued at $35,525,000 after acquiring an additional 179,500 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its holdings in shares of Blue Bird by 8.0% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 483,310 shares of the company’s stock valued at $27,814,000 after acquiring an additional 35,880 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Blue Bird Stock Performance

NASDAQ BLBD opened at $48.43 on Friday. The firm has a market capitalization of $1.54 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.43. The company has a current ratio of 1.74, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $50.64 and its two-hundred day moving average price is $51.68. Blue Bird has a 1 year low of $30.04 and a 1 year high of $61.95.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.35. Blue Bird had a return on equity of 62.87% and a net margin of 8.63%.The firm had revenue of $409.37 million for the quarter, compared to the consensus estimate of $380.37 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. As a group, research analysts anticipate that Blue Bird will post 3.86 EPS for the current 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.