Blue Bird Corporation (NASDAQ:BLBD) Receives $85.33 Average PT from Brokerages

Shares of Blue Bird Corporation (NASDAQ:BLBD) have received a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $85.3333.

A number of research analysts recently commented on BLBD shares. Needham & Company LLC reissued a “buy” rating and issued a $86.00 price target on shares of Blue Bird in a report on Thursday, August 6th. Wall Street Zen lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Barclays lifted their price objective on shares of Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. BTIG Research upped their target price on shares of Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Freedom Capital raised shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th.

Blue Bird Price Performance

NASDAQ:BLBD opened at $61.33 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $73.87 and its two-hundred day simple moving average is $65.96. The stock has a market cap of $1.94 billion, a PE ratio of 7.46, a P/E/G ratio of 0.81 and a beta of 1.36. Blue Bird has a 52 week low of $46.14 and a 52 week high of $83.39.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.25 by $0.03. The business had revenue of $517.16 million for the quarter, compared to the consensus estimate of $485.73 million. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%. As a group, analysts forecast that Blue Bird will post 4.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Blue Bird by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after purchasing an additional 820 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Blue Bird by 30.9% during the first quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after buying an additional 681 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Blue Bird by 2,090.5% during the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock valued at $112,000 after buying an additional 3,303 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Blue Bird by 12.5% during the 2nd quarter. New York State Common Retirement Fund now owns 12,676 shares of the company’s stock valued at $547,000 after buying an additional 1,412 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Blue Bird in the 2nd quarter worth approximately $3,799,000. 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.