Needham Maintains Buy on Blue Bird, Raises Price Target to $65
$BLBD
Construction/Ag Equipment/Trucks
Consumer Discretionary
Needham analyst Chris Pierce maintains Blue Bird (NASDAQ:BLBD) with a Buy and raises the price target from $52 to $65.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $55.00 | Buy | BTIG Research |
| 10/3/2024 | $48.00 | Buy → Neutral | ROTH MKM |
| 7/17/2024 | $52.00 → $65.00 | Buy | Needham |
| 2/29/2024 | $44.00 | Buy | Needham |
| 9/11/2023 | $25.00 | Overweight | Barclays |
| 9/6/2023 | Buy | R. F. Lafferty | |
| 8/18/2023 | $26.50 | Buy | BofA Securities |
| 6/29/2022 | $13.00 | Buy | DA Davidson |
Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and low-emission school buses, today announced the appointment of Edward T. Hightower to its Board of Directors, effective immediately. Hightower, a seasoned global automotive executive and entrepreneur, joined Blue Bird as a Class I Director. He brings a wealth of electric vehicle and automotive industry experience to the iconic school bus manufacturer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028970038/en/Blue Bird appointed Edward T. Hightower to its Board of Directors. Hightower brings a wealth of electric vehicle and automotive industry experience to the ic
Fiscal Year Unit Sales up 6%; Record Net Revenue, up 19% Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and low-emission school buses, announced select preliminary full-year, unaudited results for fiscal 2024. Select Preliminary Full-Year 2024 Results: 9,000 buses sold Record net sales revenue of $1.35B Record EV sales of 704 buses Blue Bird sold 9,000 buses in fiscal 2024, up 6% and almost 500 units over prior year, reflecting the top end of guidance. Record sales revenue of $1.35B, was up 19% compared with prior year, and above guidance. Record electric vehicle sales of 704 buses was a significant 29% increase over last year. Strong new order intake continued, yiel
Company Supplies 38 Low-Emission School Buses Helping Largest School District in Pennsylvania to Shift to Clean Student Transportation Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and low-emission school buses, has delivered its first fleet of propane-powered buses to the School District of Philadelphia (SDP), the largest school district in Pennsylvania. Blue Bird supplied a total of 38 near-zero emission vehicles to help the district accelerate its shift to clean student transportation. The School District of Philadelphia serves nearly 200,000 students in 218 schools. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/
BTIG Research initiated coverage of Blue Bird with a rating of Buy and set a new price target of $55.00
ROTH MKM downgraded Blue Bird from Buy to Neutral and set a new price target of $48.00
Needham reiterated coverage of Blue Bird with a rating of Buy and set a new price target of $65.00 from $52.00 previously
7 analysts have shared their evaluations of Blue Bird (NASDAQ:BLBD) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 3 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $53.43, with a high estimate of $66.00 and a low estimate of $40.00. Marking an increase of 23.03%,
Needham analyst Chris Pierce maintains Blue Bird (NASDAQ:BLBD) with a Buy and raises the price target from $52 to $65.
3 - Blue Bird Corp (0001589526) (Issuer)
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SC 13G/A - Blue Bird Corp (0001589526) (Subject)
8-K - Blue Bird Corp (0001589526) (Filer)
8-K - Blue Bird Corp (0001589526) (Filer)
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Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and low-emission school buses, today announced the appointment of Edward T. Hightower to its Board of Directors, effective immediately. Hightower, a seasoned global automotive executive and entrepreneur, joined Blue Bird as a Class I Director. He brings a wealth of electric vehicle and automotive industry experience to the iconic school bus manufacturer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028970038/en/Blue Bird appointed Edward T. Hightower to its Board of Directors. Hightower brings a wealth of electric vehicle and automotive industry experience to the ic
Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and low-emission school buses, today announced that Britton Smith has resigned from his position as President, effective September 28, 2024. Mr. Smith has decided to step down for personal reasons. The Company respects his decision and wishes him well in his future endeavors. Mr. Smith will step down from the Company's Board of Directors, effective immediately. "On behalf of the Board of Directors and the entire Blue Bird team, I want to express our gratitude to Britton for his leadership and contributions to the Company," said Doug Grimm, Chairman of the Board. "We wish him all the best in the future." Following Mr. Smith's dep
Britton Smith, President of Blue Bird, to Succeed Phil Horlock as CEO Doug Grimm, Director, to Succeed Kevin Penn as Chairman Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and low-emission school buses, today announced that Britton Smith will assume the position of President & CEO, effective September 29, 2024, and that the Board of Directors has elected Doug Grimm as Chairman, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240807038353/en/Blue Bird appointed Britton Smith to President & CEO after he served as the company's President since June 2023 (Photo: Business Wire) Mr. Smith will suc
Net Sales of $333M, up 13% and GAAP Net Income of $29M, up $19M Record Quarterly Adj. EBITDA of $48M, up $19M with 2,151 Buses Sold FY2024 Adj. EBITDA Guidance Raised to $175M or 13% of Revenue Long-Term Adj. EBITDA Margin Outlook Raised to 15% Blue Bird Corporation ("Blue Bird") (NASDAQ:BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2024 third quarter results. Highlights (in millions except Unit Sales and EPS data) Three Months Ended June 29, 2024 B/(W) Prior Year Nine Months Ended June 29, 2024 B/(W) Prior Year Unit Sales 2,151
Webcast and Conference Call Scheduled for 4:30PM ET Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and cleaner-emission school buses, will release its fiscal 2024 third quarter financial results on August 7, 2024. The public is invited to attend an audio webcast in which Blue Bird executives Phil Horlock, CEO, and Razvan Radulescu, CFO, will discuss results. This webcast will take place at 4:30PM ET on August 7, 2024. A slide presentation will be available to support the webcast. Dial-in details and the webcast of the presentation will be available on the Investor Relations portion of Blue Bird's website at http://investors.blue-bird.com. Please click on the link in the E
Net Sales of $346M, up 15% and GAAP Net Income of $26M, up $19M Second Quarter Record Adj. EBITDA of $46M, up $25M with 2,254 Buses Sold FY2024 Adj. EBITDA Guidance Raised to $155M or 12% of Revenue Long-Term Adj. EBITDA Margin Outlook Raised to 14%+ Blue Bird Corporation ("Blue Bird") (NASDAQ:BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2024 second quarter results. Highlights (in millions except Unit Sales and EPS data) Three Months Ended March 30, 2024 B/(W) Prior Year Six Months Ended March 30, 2024 B/(W) Prior Year Unit Sales 2,254