Rush Enterprises, Inc. (NASDAQ:RUSHA) has earned an average rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $42.25.
A number of research analysts have recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 target price on shares of Rush Enterprises in a report on Friday, July 28th. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. BMO Capital Markets upped their price objective on Rush Enterprises from $30.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research report on Saturday, July 29th. Finally, TheStreet upgraded Rush Enterprises from a “c+” rating to a “b-” rating in a research note on Tuesday, April 25th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL raised its position in Rush Enterprises by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 16,889 shares of the company’s stock worth $559,000 after buying an additional 110 shares during the last quarter. Envestnet Asset Management Inc. increased its stake 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 worth $177,000 after buying an additional 115 shares during the period. US Bancorp DE increased its stake in shares of Rush Enterprises by 0.8% in the second quarter. US Bancorp DE now owns 21,036 shares of the company’s stock worth $782,000 after buying an additional 164 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Rush Enterprises by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,182 shares of the company’s stock worth $1,420,000 after buying an additional 164 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Rush Enterprises by 0.5% in the second quarter. Legal & General Group Plc now owns 42,999 shares of the company’s stock worth $1,597,000 after buying an additional 199 shares during the period. 76.73% of the stock is owned by institutional investors and hedge funds.
Shares of Rush Enterprises (NASDAQ RUSHA) traded down 1.20% during mid-day trading on Monday, reaching $40.23. 216,202 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $38.01 and its 200-day moving average is $35.54. Rush Enterprises has a 52-week low of $21.99 and a 52-week high of $43.55. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 25.40 and a beta of 1.19.
Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.15. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.37%. On average, equities analysts expect that Rush Enterprises will post $1.80 EPS for the current year.
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.
Receive News & Ratings for Rush Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.