Shares of Rush Enterprises Inc. (NASDAQ:RUSHA) gapped up before the market opened on Tuesday . The stock had previously closed at $23.03, but opened at $23.11. Rush Enterprises shares last traded at $23.52, with a volume of 56,026 shares.

Several analysts recently commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Rush Enterprises in a research note on Friday. Stephens downgraded Rush Enterprises from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 15th. Zacks Investment Research raised Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Longbow Research downgraded Rush Enterprises from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Rush Enterprises in a research note on Tuesday, May 24th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.67.

The firm’s 50-day moving average is $23.33 and its 200 day moving average is $20.92. The company has a market capitalization of $931.64 million, a P/E ratio of 22.56 and a beta of 1.68.

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Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Rush Enterprises had a net margin of 0.94% and a return on equity of 6.16%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.10 billion. On average, equities analysts expect that Rush Enterprises Inc. will post $1.05 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Rush Enterprises by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 230,002 shares of the company’s stock valued at $4,957,000 after buying an additional 665 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Rush Enterprises by 8.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 205,097 shares of the company’s stock valued at $4,420,000 after buying an additional 15,678 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Rush Enterprises by 84.8% in the second quarter. Legal & General Group Plc now owns 12,967 shares of the company’s stock valued at $278,000 after buying an additional 5,950 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Rush Enterprises during the second quarter valued at $416,000. Finally, Menta Capital LLC boosted its stake in shares of Rush Enterprises by 0.9% in the second quarter. Menta Capital LLC now owns 27,420 shares of the company’s stock valued at $591,000 after buying an additional 234 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

Rush Enterprises Company Profile

Rush Enterprises, Inc is a 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. The Company, through its Rush Truck Centers, 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.

5 Day Chart for NASDAQ:RUSHA

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