Bank of America Issues Positive Forecast for Blue Bird (NASDAQ:BLBD) Stock Price

Blue Bird (NASDAQ:BLBD) had its price target boosted by equities research analysts at Bank of America from $60.00 to $62.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 13.01% from the stock’s current price.

A number of other research analysts have also weighed in on BLBD. Wall Street Zen raised shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a research note on Monday, November 3rd. Needham & Company LLC boosted their price objective on shares of Blue Bird from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. DA Davidson restated a “buy” rating and set a $70.00 target price on shares of Blue Bird in a report on Thursday, November 20th. Finally, BTIG Research lifted their price target on shares of Blue Bird from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.67.

Blue Bird Stock Up 1.9%

Shares of NASDAQ BLBD opened at $54.86 on Tuesday. Blue Bird has a 1 year low of $30.04 and a 1 year high of $61.95. The firm’s 50-day moving average is $54.40 and its 200-day moving average is $49.44. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.74 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.62.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Monday, November 24th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.35. Blue Bird had a net margin of 8.16% and a return on equity of 61.66%. The business had revenue of $409.37 million for the quarter, compared to analyst estimates of $380.37 million. During the same period in the prior year, the business posted $0.77 earnings per share. Blue Bird’s revenue was up 16.9% compared to the same quarter last year. Blue Bird has set its FY 2026 guidance at EPS. Equities analysts expect that Blue Bird will post 3.86 EPS for the current year.

Insider Activity

In related news, CFO Razvan Radulescu sold 6,709 shares of Blue Bird stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $57.41, for a total transaction of $385,163.69. Following the completion of the transaction, the chief financial officer owned 40,794 shares in the company, valued at approximately $2,341,983.54. This trade represents a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Phil Horlock sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $59.02, for a total value of $767,260.00. Following the transaction, the director directly owned 240,766 shares in the company, valued at approximately $14,210,009.32. This trade represents a 5.12% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in shares of Blue Bird by 1.8% during the 1st quarter. Wellington Management Group LLP now owns 1,358,691 shares of the company’s stock worth $43,981,000 after buying an additional 23,569 shares during the period. Alliancebernstein L.P. raised its holdings in Blue Bird by 13.6% in the 1st quarter. Alliancebernstein L.P. now owns 936,495 shares of the company’s stock valued at $30,314,000 after acquiring an additional 112,197 shares during the period. American Century Companies Inc. lifted its position in Blue Bird by 1,394.9% during the first quarter. American Century Companies Inc. now owns 1,619,494 shares of the company’s stock worth $52,423,000 after acquiring an additional 1,511,158 shares during the last quarter. Invst LLC bought a new stake in shares of Blue Bird during the first quarter worth approximately $438,000. Finally, Castellan Group boosted its holdings in shares of Blue Bird by 63.9% during the first quarter. Castellan Group now owns 328,802 shares of the company’s stock worth $10,643,000 after acquiring an additional 128,228 shares during the period. 93.59% of the stock is owned by institutional investors and hedge funds.

Blue Bird Company Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.