Blue Bird Corp (NASDAQ: BLBD) stock enjoyed a major increase of 24.5% on 5/9/24. The shares closed at $46.72. Moreover, this advance was accompanied by exceptionally high trading volume at 604% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 42.3% during the last week.
Current PriceTarget Research Rating
BLBD is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Blue Bird has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Blue Bird has a very high Appreciation Score of 86 and a very high Power Rating of 94, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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