Blue Bird (NASDAQ:BLBD) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Blue Bird (NASDAQ:BLBD) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other research analysts have also issued reports on the company. BTIG Research boosted their price objective on Blue Bird from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. DA Davidson increased their target price on Blue Bird from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Freedom Capital upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Roth Capital set a $93.00 price target on shares of Blue Bird in a report on Monday, August 10th. Finally, Zacks Research raised shares of Blue Bird from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $85.33.

Blue Bird Trading Up 0.9%

NASDAQ BLBD opened at $61.89 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 1.64. Blue Bird has a one year low of $46.14 and a one year high of $83.39. The company has a 50-day simple moving average of $73.68 and a 200-day simple moving average of $65.93. The firm has a market capitalization of $1.96 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.81 and a beta of 1.36.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.28 earnings per share for the quarter, topping 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 firm had revenue of $517.16 million for the quarter, compared to analyst estimates of $485.73 million. On average, equities analysts forecast that Blue Bird will post 4.68 earnings per share for the current year.

Institutional Investors Weigh In On Blue Bird

Several institutional investors have recently bought and sold shares of BLBD. Triumph Capital Management increased its stake in Blue Bird by 24.7% during the 2nd quarter. Triumph Capital Management now owns 842 shares of the company’s stock valued at $66,000 after buying an additional 167 shares during the period. GAMMA Investing LLC raised its position in shares of Blue Bird by 85.5% during the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the company’s stock worth $50,000 after buying an additional 290 shares in the last quarter. Kilter Group LLC acquired a new stake in shares of Blue Bird in the 2nd quarter worth approximately $25,000. Quantinno Capital Management LP lifted its stake in shares of Blue Bird by 7.0% in the 1st quarter. Quantinno Capital Management LP now owns 4,950 shares of the company’s stock worth $281,000 after acquiring an additional 324 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Blue Bird by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 5,793 shares of the company’s stock valued at $272,000 after acquiring an additional 372 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

About Blue Bird

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.