Blue Bird (NASDAQ:BLBD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Blue Bird (NASDAQ:BLBD) from a hold rating to a buy rating in a report issued on Saturday morning.

Other analysts have also recently issued research reports about the stock. BTIG Research increased their price objective on shares of Blue Bird from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays boosted their target price on shares of 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 shares of Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Freedom Capital upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 price target on shares of Blue Bird in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $85.33.

Blue Bird Trading Down 4.8%

NASDAQ:BLBD opened at $58.95 on Friday. The firm has a market capitalization of $1.87 billion, a P/E ratio of 7.17, a P/E/G ratio of 0.80 and a beta of 1.36. The business has a 50 day simple moving average of $73.40 and a 200 day simple moving average of $66.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.67. Blue Bird has a 12-month low of $46.14 and a 12-month high of $83.39.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.03. The firm had revenue of $517.16 million for the quarter, compared to analyst estimates of $485.73 million. Blue Bird had a return on equity of 39.97% and a net margin of 17.48%. Equities research analysts predict that Blue Bird will post 4.68 EPS for the current year.

Institutional Investors Weigh In On Blue Bird

Institutional investors have recently bought and sold shares of the stock. Triumph Capital Management increased its stake in Blue Bird by 24.7% during the 2nd quarter. Triumph Capital Management now owns 842 shares of the company’s stock valued at $66,000 after buying an additional 167 shares during the period. GAMMA Investing LLC lifted its stake in shares of Blue Bird by 85.5% in the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock worth $50,000 after acquiring an additional 290 shares during the period. Kilter Group LLC acquired a new stake in shares of Blue Bird in the 2nd quarter worth approximately $25,000. Quantinno Capital Management LP boosted its holdings in shares of Blue Bird by 7.0% in the first quarter. Quantinno Capital Management LP now owns 4,950 shares of the company’s stock valued at $281,000 after acquiring an additional 324 shares in the last quarter. Finally, ProShare Advisors LLC boosted 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 acquiring an additional 372 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

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.