Blue Bird Co. (NASDAQ:BLBD) Given Consensus Rating of “Buy” by Analysts

Blue Bird Co. (NASDAQ:BLBD) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $49.25.

A number of research analysts have recently issued reports on BLBD shares. DA Davidson lifted their price objective on shares of Blue Bird from $44.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Craig Hallum lifted their price objective on shares of Blue Bird from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Barclays boosted their target price on shares of Blue Bird from $35.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Roth Mkm boosted their target price on shares of Blue Bird from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Needham & Company LLC boosted their target price on shares of Blue Bird from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th.

Blue Bird Trading Down 5.5 %

Shares of BLBD opened at $50.89 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.56. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.44 and a beta of 1.63. The company has a 50-day moving average of $49.74 and a 200 day moving average of $37.64. Blue Bird has a 1-year low of $17.59 and a 1-year high of $59.40.

Blue Bird (NASDAQ:BLBD) last posted its earnings results on Wednesday, May 8th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.52. Blue Bird had a net margin of 6.36% and a return on equity of 154.10%. The business had revenue of $345.92 million for the quarter, compared to the consensus estimate of $315.00 million. On average, research analysts expect that Blue Bird will post 2.46 EPS for the current year.

Institutional Trading of Blue Bird

Several institutional investors and hedge funds have recently bought and sold shares of BLBD. Covestor Ltd acquired a new position in shares of Blue Bird in the 1st quarter valued at $29,000. CWM LLC grew its holdings in shares of Blue Bird by 220.1% in the fourth quarter. CWM LLC now owns 1,290 shares of the company’s stock valued at $35,000 after purchasing an additional 887 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Blue Bird in the fourth quarter valued at about $66,000. Tucker Asset Management LLC lifted its position in Blue Bird by 568.8% in the third quarter. Tucker Asset Management LLC now owns 3,792 shares of the company’s stock valued at $81,000 after buying an additional 3,225 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Blue Bird in the fourth quarter valued at about $89,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

About Blue Bird

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.