Rush Enterprises, Inc. (RUSHA) Given Average Rating of “Hold” by Brokerages

Rush Enterprises, Inc. (NASDAQ:RUSHA) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $35.67.

A number of equities analysts recently weighed in on RUSHA shares. Seaport Global Securities started coverage on shares of Rush Enterprises in a research report on Thursday, April 6th. They set a “buy” rating and a $42.00 price objective for the company. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price target on shares of Rush Enterprises in a research report on Thursday, April 20th. TheStreet raised shares of Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. Stifel Nicolaus raised their price target on shares of Rush Enterprises from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, April 26th. Finally, BidaskClub cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Friday.

Institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new position in shares of Rush Enterprises during the fourth quarter valued at approximately $4,161,000. A.R.T. Advisors LLC acquired a new position in shares of Rush Enterprises during the fourth quarter valued at approximately $641,000. Envestnet Asset Management Inc. boosted its position in shares of Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock valued at $177,000 after buying an additional 115 shares in the last quarter. Menta Capital LLC acquired a new position in shares of Rush Enterprises during the fourth quarter valued at approximately $386,000. Finally, Renaissance Technologies LLC boosted its position in shares of Rush Enterprises by 81.7% in the fourth quarter. Renaissance Technologies LLC now owns 111,400 shares of the company’s stock valued at $3,554,000 after buying an additional 50,100 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Shares of Rush Enterprises (NASDAQ RUSHA) traded down 1.23% on Tuesday, hitting $36.01. The company’s stock had a trading volume of 87,601 shares. The stock has a 50-day moving average price of $36.63 and a 200 day moving average price of $34.26. Rush Enterprises has a one year low of $20.22 and a one year high of $39.21. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 27.64 and a beta of 1.12.

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Rush Enterprises Company Profile

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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