Rush Enterprises Inc. (RUSHA) Receives Consensus Recommendation of “Hold” from Analysts
Rush Enterprises Inc. (NASDAQ:RUSHA) has received an average rating of “Hold” from the eleven analysts that are presently covering the firm. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.25.
Several research firms have issued reports on RUSHA. Stifel Nicolaus began coverage on shares of Rush Enterprises in a research report on Monday, October 10th. They issued a “hold” rating and a $22.00 price target on the stock. Zacks Investment Research lowered shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 5th. BMO Capital Markets restated an “outperform” rating and issued a $25.00 price target on shares of Rush Enterprises in a research report on Friday, September 16th. Finally, Stephens lowered shares of Rush Enterprises from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 15th.
Shares of Rush Enterprises (NASDAQ:RUSHA) traded up 0.05% during midday trading on Monday, hitting $22.17. 31,502 shares of the company’s stock traded hands. Rush Enterprises has a 1-year low of $14.19 and a 1-year high of $26.81. The company has a 50 day moving average price of $23.71 and a 200 day moving average price of $21.61. The firm has a market capitalization of $879.28 million, a price-to-earnings ratio of 21.30 and a beta of 1.53.
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Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.10 billion. Rush Enterprises had a net margin of 0.94% and a return on equity of 6.16%. Equities analysts anticipate that Rush Enterprises will post $1.05 earnings per share for the current year.
Several hedge funds have recently modified their holdings of RUSHA. Public Employees Retirement System of Ohio raised its position in 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 worth $4,957,000 after buying an additional 665 shares during the period. Schwab Charles Investment Management Inc. raised its position in Rush Enterprises by 8.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 205,097 shares of the company’s stock worth $4,420,000 after buying an additional 15,678 shares during the period. Legal & General Group Plc raised its position in Rush Enterprises by 84.8% in the second quarter. Legal & General Group Plc now owns 12,967 shares of the company’s stock worth $278,000 after buying an additional 5,950 shares during the period. Paloma Partners Management Co purchased a new position in Rush Enterprises during the second quarter worth approximately $416,000. Finally, Menta Capital LLC raised its position in Rush Enterprises by 0.9% in the second quarter. Menta Capital LLC now owns 27,420 shares of the company’s stock worth $591,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 78.52% of the company’s stock.
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.
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