Rush Enterprises Upgraded by Zacks to Neutral (RUSHA)
Rush Enterprises (NASDAQ:RUSHA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, American Banking & Market News reports. The firm currently has a $27.20 price target on the stock. Zacks‘ target price points to a potential upside of 2.60% from the stock’s previous close.
Shares of Rush Enterprises (NASDAQ:RUSHA) traded up 1.36% on Tuesday, hitting $26.87. The stock had a trading volume of 50,145 shares. Rush Enterprises has a 52-week low of $15.98 and a 52-week high of $28.15. The stock has a 50-day moving average of $26.04 and a 200-day moving average of $25.25. The company has a market cap of $1.062 billion and a P/E ratio of 22.13.
Rush Enterprises (NASDAQ:RUSHA) last released its earnings data on Tuesday, July 23rd. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.12. The company had revenue of $789.70 million for the quarter, compared to the consensus estimate of $824.98 million. Analysts expect that Rush Enterprises will post $1.40 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of Rush Enterprises (NASDAQ:RUSHA) from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, September 11th. They now have a $27.00 price target on the stock. Separately, analysts at Longbow Research initiated coverage on shares of Rush Enterprises (NASDAQ:RUSHA) in a research note to investors on Friday, September 6th. They set a “buy” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Rush Enterprises (NASDAQ:RUSHA) from $28.00 to $27.00 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Rush Enterprises presently has an average rating of “Hold” and an average target price of $25.89.
Rush Enterprises, Inc (NASDAQ:RUSHA) is an integrated retailer of commercial vehicles and related services.
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