Fintel experiences that on September 11, 2023, Barclays initiated protection of Blue Bird (NASDAQ:BLBD) with a Overweight advice.
Analyst Price Forecast Suggests 34.00% Upside
As of August 31, 2023, the common one-year price target for Blue Bird is 29.45. The forecasts vary from a low of 26.26 to a excessive of $35.70. The common worth goal represents a rise of 34.00% from its latest reported closing worth of 21.98.
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The projected annual income for Blue Bird is 1,020MM, a lower of 6.21%. The projected annual non-GAAP EPS is 0.78.
What is the Fund Sentiment?
There are 306 funds or institutions reporting positions in Blue Bird. This is a rise of 54 proprietor(s) or 21.43% within the final quarter. Average portfolio weight of all funds devoted to BLBD is 0.18%, a lower of 12.62%. Total shares owned by establishments decreased within the final three months by 1.64% to 32,915K shares. 
What are Other Shareholders Doing?
American Securities holds 7,805K shares representing 24.28% possession of the corporate. In it is prior submitting, the agency reported proudly owning 9,530K shares, representing a lower of twenty-two.10%.
DFCEX – Emerging Markets Core Equity Portfolio – Institutional Class holds 4,172K shares representing 12.98% possession of the corporate. No change within the final quarter.
Wellington Management Group Llp holds 1,868K shares representing 5.81% possession of the corporate. In it is prior submitting, the agency reported proudly owning 1,092K shares, representing a rise of 41.55%. The agency elevated its portfolio allocation in BLBD by 79.66% during the last quarter.
Alliancebernstein holds 1,321K shares representing 4.11% possession of the corporate. In it is prior submitting, the agency reported proudly owning 1,619K shares, representing a lower of twenty-two.62%. The agency decreased its portfolio allocation in BLBD by 14.47% during the last quarter.
Coliseum Capital Management holds 1,238K shares representing 3.85% possession of the corporate. In it is prior submitting, the agency reported proudly owning 4,688K shares, representing a lower of 278.79%. The agency decreased its portfolio allocation in BLBD by 65.44% during the last quarter.
Blue Bird Background Information
(This description is offered by the corporate.)
Blue Bird is the main impartial designer and producer of college buses, with greater than 570,000 buses offered since its formation in 1927 and roughly 180,000 buses in operation at present. Blue Bird’s longevity and repute within the faculty bus trade have made it an iconic American model. Blue Bird distinguishes itself from its principal rivals by its singular deal with the design, engineering, manufacture and sale of college buses and associated components. As the one producer of chassis and physique manufacturing particularly designed for varsity bus purposes, Blue Bird is acknowledged as an trade chief for varsity bus innovation, security, product high quality/reliability/sturdiness, working prices and drivability. In addition, Blue Bird is the market chief in different gas purposes with its propane-powered and compressed pure gas-powered faculty buses. Blue Bird manufactures faculty buses at two amenities in Fort Valley, Georgia. Its Micro Bird three way partnership operates a producing facility in Drummondville, Quebec, Canada. Service and after-market components are distributed from Blue Bird’s components distribution middle positioned in Delaware, Ohio.
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