From MarketBeat:

Blue Bird (NASDAQ:BLBD) was downgraded from a “strong-buy” to a “buy” rating by StockNews.com. Several other analysts have also given the stock a “buy” rating, such as Craig Hallum, R. F. Lafferty, and Barclays. Blue Bird has a consensus rating of “Buy” and an average target price of $29.63.

Blue Bird opened at $26.96 on Tuesday with a 52-week range of $9.30 – $28.80. The company has a market cap of $867.17 milion and a P/E ratio of 36.43. It has also been revealed that 17.10% of the stock is owned by corporate insiders.

Institutional investors have purchased new stakes in Blue Bird, including Teacher Retirement System of Texas, BNP Paribas Arbitrage SNC, and Driehaus Capital Management LLC. These investors have made significant financial gains.

Blue Bird Corporation designs and sells school buses in the United States, Canada, and internationally. It offers different bus types and alternative power options. The company operates through two segments, Bus and Parts.

While Blue Bird currently has a “Buy” rating among analysts, top-rated analysts believe there are five stocks that are better buys. These stocks have been identified as better options for investors.



Read more: Blue Bird (NASDAQ:BLBD) Rating Lowered to Buy at StockNews.com