Blue Bird Corporation (NASDAQ:BLBD) Receives $82.17 Average PT from Analysts

Shares of Blue Bird Corporation (NASDAQ:BLBD) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $82.1667.

A number of equities analysts have commented on the stock. Barclays boosted their price target 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. Zacks Research upgraded shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Needham & Company LLC boosted their target price on Blue Bird from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wall Street Zen lowered Blue Bird from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, BTIG Research raised their price target on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 7th.

Blue Bird Stock Performance

Shares of BLBD stock opened at $76.20 on Wednesday. Blue Bird has a 12 month low of $42.95 and a 12 month high of $83.39. The company has a market cap of $2.41 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a quick ratio of 1.27, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $73.98 and its two-hundred day moving average is $63.30.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The company had revenue of $352.63 million during the quarter, compared to analysts’ expectations of $335.23 million. Blue Bird had a return on equity of 53.68% and a net margin of 8.91%.The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.96 earnings per share. Equities analysts predict that Blue Bird will post 4.5 EPS for the current year.

Institutional Trading of Blue Bird

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in Blue Bird by 197.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 712,707 shares of the company’s stock worth $33,497,000 after buying an additional 472,990 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Blue Bird by 383.1% in the 3rd quarter. Marshall Wace LLP now owns 425,214 shares of the company’s stock valued at $24,471,000 after buying an additional 337,196 shares during the period. Janus Henderson Group PLC raised its position in shares of Blue Bird by 41.8% during the first quarter. Janus Henderson Group PLC now owns 1,102,335 shares of the company’s stock worth $62,669,000 after acquiring an additional 324,710 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Blue Bird by 362.2% during the first quarter. Lazard Asset Management LLC now owns 304,196 shares of the company’s stock valued at $17,275,000 after acquiring an additional 238,379 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Blue Bird during the third quarter valued at $10,932,000. 93.59% of the stock is currently 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.