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

Blue Bird Corporation (NASDAQ:BLBD) has been assigned an average recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $67.20.

A number of research firms have issued reports on BLBD. Barclays boosted their target price on shares of Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Bank of America increased their price objective on Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. BTIG Research restated a “buy” rating and issued a $65.00 target price on shares of Blue Bird in a research report on Thursday, February 5th. UBS Group reiterated a “buy” rating on shares of Blue Bird in a research report on Monday, November 3rd. Finally, Needham & Company LLC increased their price target on Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th.

Blue Bird Trading Up 2.4%

Shares of NASDAQ BLBD opened at $62.01 on Friday. Blue Bird has a 12-month low of $30.04 and a 12-month high of $62.55. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 2.43 and a beta of 1.45. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $52.16 and its 200 day simple moving average is $53.77.

Blue Bird (NASDAQ:BLBD) last issued its earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share 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. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts expect that Blue Bird will post 3.86 EPS for the current year.

Insider Transactions at Blue Bird

In other news, Director Phil Horlock sold 15,381 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $50.42, for a total value of $775,510.02. Following the completion of the sale, the director directly owned 225,385 shares of the company’s stock, valued at approximately $11,363,911.70. This represents a 6.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Razvan Radulescu sold 7,984 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 49,087 shares of the company’s stock, valued at $2,473,493.93. This trade represents a 13.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 27,290 shares of company stock valued at $1,417,170 in the last quarter. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Blue Bird

A number of institutional investors have recently added to or reduced their stakes in BLBD. PFG Advisors increased its position in shares of Blue Bird by 2.6% during the 2nd quarter. PFG Advisors now owns 9,789 shares of the company’s stock valued at $422,000 after purchasing an additional 246 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Blue Bird by 0.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,132 shares of the company’s stock valued at $1,732,000 after buying an additional 282 shares in the last quarter. Redmond Asset Management LLC grew its holdings in Blue Bird by 1.0% during the second quarter. Redmond Asset Management LLC now owns 34,350 shares of the company’s stock worth $1,483,000 after acquiring an additional 350 shares during the period. ProShare Advisors LLC raised its position in Blue Bird by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock worth $272,000 after acquiring an additional 372 shares in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in Blue Bird by 8.7% in the 4th quarter. Brooklyn Investment Group now owns 5,208 shares of the company’s stock valued at $261,000 after acquiring an additional 417 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

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.