Blue Bird (NASDAQ:BLBD) Coverage Initiated by Analysts at Roth Mkm

Analysts at Roth Mkm assumed coverage on shares of Blue Bird (NASDAQ:BLBDGet Free Report) in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $94.00 price target on the stock. Roth Mkm’s target price suggests a potential upside of 18.16% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Barclays boosted their price target on Blue Bird from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. BTIG Research raised their price objective on Blue Bird from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Freedom Capital lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. DA Davidson set a $86.00 target price on Blue Bird in a report on Tuesday, June 9th. Finally, Needham & Company LLC increased their price target on Blue Bird from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.50.

View Our Latest Stock Analysis on Blue Bird

Blue Bird Stock Performance

BLBD stock traded up $4.18 during trading hours on Thursday, reaching $79.55. The stock had a trading volume of 40,018 shares, compared to its average volume of 432,776. The stock has a 50-day simple moving average of $68.44 and a 200 day simple moving average of $58.98. Blue Bird has a fifty-two week low of $42.00 and a fifty-two week high of $81.51. The stock has a market capitalization of $2.52 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.83 and a quick ratio of 1.27.

Blue Bird (NASDAQ:BLBDGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The company had revenue of $352.63 million for the quarter, compared to analyst estimates of $335.23 million. Blue Bird had a net margin of 8.91% and a return on equity of 53.68%. Blue Bird’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. Analysts predict that Blue Bird will post 4.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Bird

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Blue Bird by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after purchasing an additional 820 shares during the period. NewEdge Advisors LLC boosted its stake in Blue Bird by 30.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after purchasing an additional 681 shares during the period. Jones Financial Companies Lllp grew its holdings in Blue Bird by 2,090.5% in the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock valued at $112,000 after buying an additional 3,303 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Blue Bird by 12.5% in the 2nd quarter. New York State Common Retirement Fund now owns 12,676 shares of the company’s stock valued at $547,000 after buying an additional 1,412 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Blue Bird during the 2nd quarter worth $3,799,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Blue Bird Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Blue Bird (NASDAQ:BLBD)

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