Blue Bird (NASDAQ:BLBD) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Blue Bird (NASDAQ:BLBD) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

BLBD has been the topic of several other research reports. Needham & Company LLC restated a “buy” rating and issued a $86.00 target price on shares of Blue Bird in a report on Thursday, August 6th. Barclays boosted their price objective on Blue Bird from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. DA Davidson upped their target price on Blue Bird from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Roth Capital set a $93.00 target price on Blue Bird in a report on Monday, August 10th. Finally, BTIG Research boosted their price target on Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Blue Bird currently has a consensus rating of “Buy” and a consensus target price of $85.33.

Blue Bird Price Performance

Shares of BLBD opened at $63.63 on Friday. The stock’s 50-day moving average price is $70.48 and its two-hundred day moving average price is $66.38. Blue Bird has a 12 month low of $46.14 and a 12 month high of $83.39. The company has a market capitalization of $2.02 billion, a PE ratio of 7.74, a PEG ratio of 0.83 and a beta of 1.36. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17.

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

Hedge Funds Weigh In On Blue Bird

Institutional investors have recently modified their holdings of the company. Kilter Group LLC acquired a new stake in Blue Bird in the 2nd quarter valued at $25,000. Rockefeller Capital Management L.P. lifted its stake in Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after acquiring an additional 525 shares in the last quarter. Nykredit A S bought a new position in shares of Blue Bird during the second quarter valued at about $36,000. Dunhill Financial LLC purchased a new position in shares of Blue Bird in the 2nd quarter worth approximately $39,000. Finally, Transamerica Financial Advisors LLC boosted its position in Blue Bird by 222.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after purchasing an additional 568 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

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.