Analysts’ Weekly Ratings Updates for Rush Enterprises (RUSHA)

Rush Enterprises (NASDAQ: RUSHA) recently received a number of ratings updates from brokerages and research firms:

  • 10/31/2018 – Rush Enterprises was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/25/2018 – Rush Enterprises had its price target lowered by analysts at Credit Suisse Group AG from $46.00 to $40.00. They now have a “neutral” rating on the stock.
  • 10/25/2018 – Rush Enterprises was given a new $48.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 10/19/2018 – Rush Enterprises was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/16/2018 – Rush Enterprises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Rush Enterprises operates the largest network of Peterbilt heavy-duty truck dealerships in North America and John Deere construction equipment dealerships in Texas and Michigan. Their current operations include a network of dealerships located in Texas, California, Oklahoma, Louisiana, Colorado, Arizona, New Mexico and Michigan. These dealerships provide an integrated, one-stop source for the retail sale of new and used heavy-duty trucks and construction equipment; aftermarket parts, service and body shop facilities; and a wide array of financial services. “
  • 10/2/2018 – Rush Enterprises was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/2/2018 – Rush Enterprises had its “buy” rating reaffirmed by analysts at Buckingham Research.
  • 9/11/2018 – Rush Enterprises was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/7/2018 – Rush Enterprises was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

RUSHA stock traded up $0.26 during mid-day trading on Wednesday, reaching $35.25. The company had a trading volume of 2,369 shares, compared to its average volume of 206,674. The company has a quick ratio of 0.29, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 0.68 and a beta of 1.32. Rush Enterprises, Inc. has a 52 week low of $32.55 and a 52 week high of $55.40.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, October 23rd. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.14. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. Rush Enterprises had a return on equity of 12.99% and a net margin of 3.83%. On average, equities research analysts anticipate that Rush Enterprises, Inc. will post 3.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. Rush Enterprises’s dividend payout ratio is 20.96%.

A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB boosted its stake in shares of Rush Enterprises by 25.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,351 shares of the company’s stock worth $276,000 after acquiring an additional 1,300 shares during the period. Systematic Financial Management LP boosted its stake in shares of Rush Enterprises by 2.6% during the 2nd quarter. Systematic Financial Management LP now owns 54,908 shares of the company’s stock worth $2,382,000 after acquiring an additional 1,387 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Rush Enterprises by 13.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 15,617 shares of the company’s stock worth $677,000 after acquiring an additional 1,828 shares during the period. Strs Ohio boosted its stake in shares of Rush Enterprises by 8.9% during the 2nd quarter. Strs Ohio now owns 23,300 shares of the company’s stock worth $1,010,000 after acquiring an additional 1,900 shares during the period. Finally, Capital Fund Management S.A. boosted its stake in shares of Rush Enterprises by 7.7% during the 2nd quarter. Capital Fund Management S.A. now owns 26,700 shares of the company’s stock worth $1,158,000 after acquiring an additional 1,900 shares during the period. Hedge funds and other institutional investors own 73.92% of the company’s stock.

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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