What 4 Analyst Ratings Have To Say About Blue Bird
Portfolio Pulse from Benzinga Insights
Blue Bird (NASDAQ:BLBD) received mixed analyst ratings with 3 bullish and 1 somewhat bullish in the past three months. The average 12-month price target is $38.0, reflecting a 34.13% increase from the previous $28.33. Analysts from Needham, Barclays, Roth MKM, and Craig-Hallum have adjusted their ratings and price targets, indicating a positive outlook based on Blue Bird's financial performance, including a notable revenue growth of 34.75%, a net margin of 8.23%, and an ROE of 45.25%. However, the company's debt-to-equity ratio of 1.8 suggests higher financial risk.
February 29, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Blue Bird has received mixed analyst ratings but with a positive average price target adjustment to $38, indicating a bullish outlook. The company's strong financial performance, including significant revenue growth and high ROE, supports this optimism. However, the high debt-to-equity ratio presents a risk factor.
The positive adjustment in Blue Bird's average price target by analysts from reputable firms suggests a bullish sentiment, supported by the company's impressive financial performance metrics. However, the high debt-to-equity ratio is a concern that investors should monitor, as it indicates a higher financial risk which could impact the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100