Alert: Positive Investment/Fundamental Signals (9/11/24)-Blue Bird Corp (NASDAQ: BLBD)

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Blue Bird Corp (NASDAQ: BLBD). Important positive changes in fundamentals have recently occurred: the consensus estimate for September, 2025 increased significantly, the consensus estimate for September, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Significant positive changes in investment behavior have recently occurred for Blue Bird Corp (NASDAQ: BLBD): the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Blue Bird has a very high Appreciation Score of 93 and a very high Power Rating of 99, producing the Highest Value Trend Rating.

Recent Price Action

Blue Bird Corp (NASDAQ: BLBD) stock enjoyed a very large increase of 6.1% on 9/11/24. The shares closed at $47.89. However, below average trading volume at 77% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.2% during the last week.

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