Blue Bird Corporation (NASDAQ:BLBD) Given Consensus Rating of “Buy” by Brokerages

Blue Bird Corporation (NASDAQ:BLBD) has been given a consensus rating of “Buy” by the seven analysts that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $67.20.

A number of equities research analysts recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and set a $65.00 price objective 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. Barclays boosted their price objective on Blue Bird from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Zacks Research raised Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, Needham & Company LLC boosted their price target on shares of Blue Bird from $70.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, February 5th.

Blue Bird Price Performance

Shares of BLBD opened at $61.00 on Friday. Blue Bird has a 52 week low of $30.04 and a 52 week high of $62.55. 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 firm has a market cap of $1.93 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.44 and a beta of 1.45. The stock has a 50 day moving average of $51.76 and a 200-day moving average of $53.60.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.00 earnings per share (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 analysts’ expectations of $325.74 million. During the same period last year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts forecast that Blue Bird will post 3.86 EPS for the current year.

Insider Activity

In other Blue Bird news, CFO Razvan Radulescu sold 3,925 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $60.98, for a total transaction 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. The trade was a 8.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Phil Horlock sold 15,381 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $50.42, for a total transaction of $775,510.02. Following the completion of the transaction, the director owned 225,385 shares of the company’s stock, valued at approximately $11,363,911.70. This trade represents a 6.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 27,290 shares of company stock worth $1,417,170. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Blue Bird by 4.5% in 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 in the last quarter. NewEdge Advisors LLC lifted its holdings in Blue Bird by 30.9% in the first quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock worth $93,000 after purchasing an additional 681 shares during the period. Jones Financial Companies Lllp grew its position 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. CWM LLC increased its stake in Blue Bird by 40.0% during the 2nd quarter. CWM LLC now owns 5,279 shares of the company’s stock valued at $228,000 after buying an additional 1,508 shares during the period. Finally, R Squared Ltd acquired a new position in Blue Bird during the 2nd quarter valued at about $366,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

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.