Blue Bird Corporation (NASDAQ:BLBD) Receives $67.20 Average PT from Analysts

Blue Bird Corporation (NASDAQ:BLBD) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $67.20.

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

Blue Bird Stock Performance

Shares of BLBD opened at $62.10 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 1.81. The stock has a 50 day moving average price of $57.77 and a two-hundred day moving average price of $53.72. The firm has a market capitalization of $1.96 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.41 and a beta of 1.40. Blue Bird has a 52 week low of $32.61 and a 52 week high of $65.47.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. Equities analysts forecast that Blue Bird will post 3.86 earnings per share for the current fiscal year.

Insider Activity at Blue Bird

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

Hedge Funds Weigh In On Blue Bird

Institutional investors have recently modified their holdings of the business. 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 valued at $36,000 after acquiring an additional 525 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Blue Bird in the third quarter valued at approximately $38,000. 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 valued at $39,000 after acquiring an additional 568 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Blue Bird by 10,028.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $41,000 after acquiring an additional 702 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Blue Bird in the fourth quarter valued at approximately $41,000. 93.59% of the stock is owned by institutional investors.

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.