Blue Bird Corporation (NASDAQ:BLBD) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

A number of research firms have recently issued reports on BLBD. BTIG Research reaffirmed a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a report on Thursday, February 5th. Wall Street Zen downgraded Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Barclays lifted their price target on Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Zacks Research cut Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, Bank of America increased their price objective on Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th.

Insider Activity at Blue Bird

In other news, COO Jeffrey Scott Sanfrey sold 5,192 shares of the business’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 sale, the chief operating officer directly owned 39,011 shares in the company, valued at approximately $2,283,703.94. The trade was a 11.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Razvan Radulescu sold 3,925 shares of the company’s stock in a transaction on 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 sale, the chief financial officer directly owned 42,255 shares of the company’s stock, valued at $2,576,709.90. This trade represents a 8.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Blue Bird

Large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its position in Blue Bird by 210.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 775 shares of the company’s stock valued at $36,000 after buying an additional 525 shares during the period. Blue Trust Inc. purchased a new position in shares of Blue Bird in the third quarter worth about $38,000. Transamerica Financial Advisors LLC increased 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 worth $39,000 after buying an additional 568 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Blue Bird by 10,028.6% in the 3rd 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 during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Blue Bird in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Trading Down 1.1%

Shares of BLBD opened at $53.91 on Thursday. Blue Bird has a 1-year low of $30.04 and a 1-year high of $62.90. The company has a market capitalization of $1.70 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.03 and a beta of 1.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.81 and a quick ratio of 1.21. The firm’s 50 day simple moving average is $54.16 and its 200 day simple moving average is $53.69.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. The business had revenue of $333.08 million during the quarter, compared to analysts’ expectations of $325.74 million. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. Sell-side analysts forecast that Blue Bird will post 3.86 earnings per share for the current fiscal year.

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.