Media headlines about Blue Bird Corporation (NASDAQ:BLBD) have trended somewhat positive on Tuesday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blue Bird Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.1866419151721 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Blue Bird Corporation (NASDAQ BLBD) traded down $0.45 during midday trading on Tuesday, reaching $18.90. The company had a trading volume of 56,300 shares, compared to its average volume of 67,535. The company has a market cap of $468.93, a price-to-earnings ratio of 26.51, a PEG ratio of 0.83 and a beta of 1.77. Blue Bird Corporation has a 1-year low of $13.85 and a 1-year high of $21.90. The company has a debt-to-equity ratio of -1.32, a quick ratio of 0.51 and a current ratio of 1.17.
Blue Bird Corporation announced that its board has approved a share buyback program on Thursday, August 3rd that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 11.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Separately, Roth Capital set a $22.00 price objective on Blue Bird Corporation and gave the company a “buy” rating in a research note on Monday, August 7th.
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In other Blue Bird Corporation news, Director Coliseum Capital Management, L sold 742,566 shares of the company’s stock in a transaction on Saturday, September 23rd. The stock was sold at an average price of $18.65, for a total transaction of $13,848,855.90. The transaction was disclosed in a filing with the SEC, which is available at this link. 16.70% of the stock is currently owned by corporate insiders.
About Blue Bird Corporation
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.
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