Blue Bird Corp (NASDAQ: BLBD) stock closed at $24.09 on 12/12/23 after a major increase of 10.5%. Moreover, exceptionally high trading volume at 1107% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 23.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BLBD is expected to be a major Value Builder.
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 complementary signals. Blue Bird has a slightly positive Power Rating of 60 and a very high Appreciation Score of 98, leading to the Highest Value Trend Rating.
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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