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

Blue Bird Corporation (NASDAQ:BLBD) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $67.20.

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. BTIG Research reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Blue Bird in a report on Thursday, February 5th. Wall Street Zen lowered shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Needham & Company LLC raised their target price on Blue Bird from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Barclays upped their price target on Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th.

Insider Activity at Blue Bird

In other Blue Bird news, Director Phil Horlock sold 15,381 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $50.42, for a total transaction of $775,510.02. Following the completion of the transaction, the director directly owned 225,385 shares in the company, valued at approximately $11,363,911.70. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Razvan Radulescu sold 7,984 shares of Blue Bird stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $50.39, for a total transaction of $402,313.76. Following the completion of the sale, the chief financial officer owned 49,087 shares in the company, valued at approximately $2,473,493.93. This trade represents a 13.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 27,290 shares of company stock valued at $1,417,170. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BLBD. American Century Companies Inc. boosted its holdings in Blue Bird by 40.0% in the 2nd quarter. American Century Companies Inc. now owns 2,267,131 shares of the company’s stock worth $97,849,000 after buying an additional 647,637 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Blue Bird by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 2,041,085 shares of the company’s stock valued at $95,931,000 after acquiring an additional 135,562 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Blue Bird by 0.8% in the fourth quarter. Wellington Management Group LLP now owns 1,048,028 shares of the company’s stock worth $49,257,000 after acquiring an additional 8,430 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Blue Bird by 185.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 925,852 shares of the company’s stock valued at $53,283,000 after purchasing an additional 601,690 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Blue Bird by 14.5% in the 4th quarter. First Trust Advisors LP now owns 865,136 shares of the company’s stock valued at $40,661,000 after purchasing an additional 109,668 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Blue Bird Stock Performance

Shares of BLBD stock opened at $58.27 on Friday. The stock has a market cap of $1.84 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 2.33 and a beta of 1.45. The business has a 50-day simple moving average of $52.65 and a 200-day simple moving average of $53.87. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.31. Blue Bird has a 52-week low of $30.04 and a 52-week high of $62.90.

Blue Bird (NASDAQ:BLBD) last posted its 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. Blue Bird had a return on equity of 57.60% and a net margin of 8.65%.The firm had revenue of $333.08 million for the quarter, compared to analyst estimates of $325.74 million. During the same period last year, the company earned $0.92 earnings per share. Blue Bird’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Blue Bird will post 3.86 EPS for the current year.

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.