Blue Bird Corporation (NASDAQ:BLBD) Receives $85.33 Consensus Price Target from Brokerages

Blue Bird Corporation (NASDAQ:BLBD) has been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $85.3333.

A number of research firms recently weighed in on BLBD. Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Barclays raised their price objective on shares of Blue Bird from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. BTIG Research boosted their target price on Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 target price on shares of Blue Bird in a research note on Thursday, August 6th. Finally, Roth Capital set a $93.00 price target on Blue Bird in a report on Monday, August 10th.

Hedge Funds Weigh In On Blue Bird

Several hedge funds have recently bought and sold shares of BLBD. Kilter Group LLC bought a new stake in shares of Blue Bird during the second quarter worth $25,000. Rockefeller Capital Management L.P. grew its holdings in shares of Blue Bird by 210.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock worth $36,000 after purchasing an additional 525 shares during the last quarter. Dunhill Financial LLC bought a new position in shares of Blue Bird in the second quarter worth about $39,000. Transamerica Financial Advisors LLC grew 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 worth $39,000 after purchasing an additional 568 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Blue Bird by 10,028.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after buying an additional 702 shares during the period. Institutional investors own 93.59% of the company’s stock.

Blue Bird Stock Down 3.8%

NASDAQ BLBD opened at $61.46 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $74.20 and a two-hundred day moving average of $65.79. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 0.84 and a beta of 1.36. Blue Bird has a 52 week low of $46.14 and a 52 week high of $83.39.

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