Rush Enterprises Inc. Hits New 52-Week High at $28.47 (RUSHA)
Shares of Rush Enterprises (NASDAQ:RUSHA) hit a new 52-week high during mid-day trading on Wednesday, Stock Ratings Network reports. The stock traded as high as $28.47 and last traded at $28.38, with a volume of 24,987 shares trading hands. The stock had previously closed at $27.84.
A number of research firms have recently commented on RUSHA. Analysts at Zacks upgraded shares of Rush Enterprises from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $27.20 price target on the stock. Separately, analysts at Raymond James downgraded shares of Rush Enterprises 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. Finally, analysts at Longbow Research initiated coverage on shares of Rush Enterprises in a research note to investors on Friday, September 6th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.53.
Rush Enterprises has a one year low of $15.98 and a one year high of $28.63. The stock has a 50-day moving average of $26.63 and a 200-day moving average of $25.43. The company has a market cap of $1.127 billion and a price-to-earnings ratio of 23.24.
Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, July 23rd. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters 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 $1.37 EPS for the current fiscal year.
Rush Enterprises, Inc (NASDAQ:RUSHA) is an integrated retailer of commercial vehicles and related services.
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