Blue Bird (NASDAQ:BLBD) Shares Pass Above 50-Day Moving Average – What’s Next?

Blue Bird Corporation (NASDAQ:BLBD)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $73.00 and traded as high as $78.54. Blue Bird shares last traded at $77.68, with a volume of 362,094 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BTIG Research boosted their price objective on shares of Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Roth Capital began coverage on shares of Blue Bird in a report on Thursday, June 25th. They issued a “buy” rating and a $94.00 price target for the company. DA Davidson set a $86.00 price target on shares of Blue Bird in a report on Tuesday, June 9th. Finally, Barclays upped their price objective on shares of Blue Bird from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

Blue Bird Price Performance

The company has a 50-day moving average of $73.15 and a 200-day moving average of $62.08. 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 capitalization of $2.48 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35.

Blue Bird (NASDAQ:BLBD) last announced its earnings results on Wednesday, May 6th. The company reported $1.00 EPS for the quarter, topping the consensus estimate 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 $352.63 million for the quarter, compared to the consensus estimate of $335.23 million. During the same period last year, the company posted $0.96 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, research analysts anticipate that Blue Bird Corporation will post 4.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Blue Bird

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its holdings in Blue Bird by 210.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after purchasing an additional 525 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in shares of Blue Bird by 222.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock valued at $39,000 after purchasing an additional 568 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Blue Bird by 10,028.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after purchasing an additional 702 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Blue Bird in the fourth quarter valued at about $41,000. Finally, GAMMA Investing LLC boosted 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 buying an additional 290 shares during the period. 93.59% of the stock is owned by institutional investors.

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.