Blue Bird Corporation (NASDAQ:BLBD) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Blue Bird has a consensus “Buy” rating from nine analysts: seven rate it a buy, one a hold, and one a strong buy. The average 12-month price target is $85.33.
• The company exceeded quarterly expectations, reporting $1.28 in EPS versus the $1.25 consensus estimate and revenue of $517.16 million versus $485.73 million expected.
• Institutional investors own 93.59% of Blue Bird’s stock, while recent analysts raised several price targets, including BTIG Research’s increase to $95 and DA Davidson’s increase to $91.

Blue Bird Corporation (NASDAQ:BLBD - Get Free Report) has been assigned a consensus rating of "Buy" from the nine brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $85.3333.

A number of equities research analysts have recently weighed in on BLBD shares. BTIG Research boosted their target price on Blue Bird from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Roth Capital set a $93.00 price target on Blue Bird in a research note on Monday, August 10th. DA Davidson boosted their price objective on Blue Bird from $86.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Freedom Capital raised Blue Bird from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Finally, Zacks Research raised Blue Bird from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th.

Blue Bird Stock Performance

Blue Bird stock opened at $64.81 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.05 billion, a PE ratio of 7.88, a P/E/G ratio of 0.84 and a beta of 1.36. The firm has a fifty day simple moving average of $74.52 and a two-hundred day simple moving average of $65.50. Blue Bird has a twelve month low of $46.14 and a twelve month high of $83.39.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. Blue Bird had a net margin of 17.48% and a return on equity of 39.97%. The business had revenue of $517.16 million during the quarter, compared to analyst estimates of $485.73 million. Research analysts expect that Blue Bird will post 4.68 EPS for the current year.

Institutional Investors Weigh In On Blue Bird

Several institutional investors have recently added to or reduced their stakes in BLBD. Invst LLC bought a new stake in Blue Bird in the 2nd quarter worth $945,000. Jupiter Topco LLC bought a new position in shares of Blue Bird during the second quarter valued at about $94,222,000. Hsbc Holdings PLC bought a new position in shares of Blue Bird during the second quarter valued at about $6,212,000. EFG International AG bought a new position in shares of Blue Bird during the second quarter valued at about $6,173,000. Finally, PDT Partners LLC purchased a new stake in shares of Blue Bird during the second quarter worth about $1,337,000. Hedge funds and other institutional investors 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.

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