Analysts Set Blue Bird Corporation (NASDAQ:BLBD) PT at $67.20

Blue Bird Corporation (NASDAQ:BLBD) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $67.20.

Several research analysts have recently commented on BLBD shares. Zacks Research lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. BTIG Research reissued a “buy” rating and issued a $65.00 price target on shares of Blue Bird in a research report on Thursday, February 5th. Barclays boosted their price target on Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Needham & Company LLC boosted their price target on Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen lowered Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th.

Insider Buying and Selling at Blue Bird

In related news, COO Jeffrey Scott Sanfrey sold 5,192 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total transaction of $303,939.68. Following the transaction, the chief operating officer directly owned 39,011 shares of the company’s stock, valued at $2,283,703.94. This represents a 11.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Razvan Radulescu sold 3,925 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $60.98, for a total value of $239,346.50. Following the transaction, the chief financial officer directly owned 42,255 shares in the company, valued at $2,576,709.90. This represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC increased its position in Blue Bird by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock valued at $272,000 after buying an additional 372 shares in the last quarter. Brooklyn Investment Group increased its position in Blue Bird by 8.7% during the 4th quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock valued at $261,000 after buying an additional 417 shares in the last quarter. R Squared Ltd increased its position in Blue Bird by 11.0% during the 4th quarter. R Squared Ltd now owns 4,464 shares of the company’s stock valued at $210,000 after buying an additional 443 shares in the last quarter. HighTower Advisors LLC increased its position in Blue Bird by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 67,007 shares of the company’s stock valued at $3,856,000 after buying an additional 453 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position 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 buying an additional 525 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Blue Bird Trading Up 4.4%

BLBD opened at $61.76 on Monday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.20 and a beta of 1.40. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. Blue Bird has a 12 month low of $32.90 and a 12 month high of $65.47. The stock has a fifty day moving average price of $57.89 and a 200-day moving average price of $53.78.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. The firm had revenue of $333.08 million during the quarter, compared to analyst estimates of $325.74 million. Blue Bird had a return on equity of 57.60% and a net margin of 8.65%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. As a group, equities research analysts anticipate that Blue Bird will post 3.86 earnings per share for the current fiscal year.

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.