Rush Enterprises, Inc. (NASDAQ:RUSHA) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday, September 1st.
RUSHA has been the topic of several other reports. BidaskClub raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price target on shares of Rush Enterprises in a research note on Friday, July 7th. Zacks Investment Research cut shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $38.00 price target on shares of Rush Enterprises in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Rush Enterprises presently has a consensus rating of “Buy” and an average price target of $41.80.
Shares of Rush Enterprises (NASDAQ RUSHA) traded up 1.68% during midday trading on Friday, reaching $42.26. 307,142 shares of the company traded hands. The company has a market capitalization of $1.68 billion, a PE ratio of 26.68 and a beta of 1.19. Rush Enterprises has a 1-year low of $21.99 and a 1-year high of $43.55. The company has a 50 day moving average price of $40.57 and a 200 day moving average price of $37.13.
Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.15. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.31%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, analysts expect that Rush Enterprises will post $1.79 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its position in shares of Rush Enterprises by 0.7% during the 1st 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. US Bancorp DE lifted its position in shares of Rush Enterprises by 0.8% during the 2nd 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 last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Rush Enterprises by 0.4% during the 2nd 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 last quarter. Legal & General Group Plc increased its holdings in shares of Rush Enterprises by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 42,999 shares of the company’s stock valued at $1,597,000 after acquiring an additional 199 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Rush Enterprises by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock valued at $152,000 after acquiring an additional 316 shares during the period. Institutional investors own 75.44% of the company’s stock.
About Rush Enterprises
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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