Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The latest trading day saw Blue Bird (BLBD) settling at $34.50, representing a -1.6% change from its previous close.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Domestic auto players like TSLA, GM and BLBD are expected to withstand the industry headwinds better.
Blue Bird (BLBD) concluded the recent trading session at $32.43, signifying a +1.6% move from its prior day's close.
In the closing of the recent trading day, Blue Bird (BLBD) stood at $32.93, denoting a +1.73% change from the preceding trading day.
Blue Bird Corporation faces challenges from policy changes under President Trump, including halted EPA funds and increased tariffs, but maintains a strong backlog and diversified product range. Despite regulatory uncertainty, 75% of Blue Bird's backlog is secured, and the company is expanding into propane and natural gas-powered buses. Electric buses offer long-term cost savings and environmental benefits, with high replacement demand expected as the current fleet ages.
Investors interested in Automotive - Domestic stocks are likely familiar with Blue Bird (BLBD) and Tesla (TSLA). But which of these two stocks presents investors with the better value opportunity right now?
Investors need to pay close attention to Blue Bird (BLBD) stock based on the movements in the options market lately.
I believe Blue Bird shares could be near rock bottom, with potential support in the low $30s after a steep 40% selloff. I find the long term demand compelling, with over 270k aging buses likely needing replacement in the next years. Management is projecting strong EV segment growth in FY25, but I caution that litigation over EPA funding remains the key risk.
In the closing of the recent trading day, Blue Bird (BLBD) stood at $34.20, denoting a -1.53% change from the preceding trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.