Analysts Set Blue Bird Co. (NASDAQ:BLBD) Price Target at $49.25

Blue Bird Co. (NASDAQ:BLBDGet Free Report) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $49.25.

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

View Our Latest Report on BLBD

Hedge Funds Weigh In On Blue Bird

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd bought a new position in Blue Bird during the 1st quarter worth approximately $29,000. CWM LLC raised its stake in Blue Bird by 220.1% during the fourth quarter. CWM LLC now owns 1,290 shares of the company’s stock worth $35,000 after buying an additional 887 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Blue Bird in the fourth quarter valued at $66,000. Tucker Asset Management LLC boosted its position in Blue Bird by 568.8% during the third quarter. Tucker Asset Management LLC now owns 3,792 shares of the company’s stock valued at $81,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Blue Bird during the 4th quarter worth about $89,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Blue Bird Price Performance

Shares of BLBD stock opened at $57.04 on Friday. The business has a fifty day simple moving average of $45.18 and a 200 day simple moving average of $34.62. The company has a market cap of $1.84 billion, a P/E ratio of 23.09, a P/E/G ratio of 0.46 and a beta of 1.62. The company has a quick ratio of 0.56, a current ratio of 1.23 and a debt-to-equity ratio of 0.88. Blue Bird has a twelve month low of $17.59 and a twelve month high of $59.40.

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

Blue Bird Company Profile

(Get Free Report

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.

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Analyst Recommendations for Blue Bird (NASDAQ:BLBD)

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