Rush Enterprises, Inc. (NASDAQ:RUSHA) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. BMO Capital Markets restated a “hold” rating and issued a $30.00 target price on shares of Rush Enterprises in a research note on Friday, July 7th. TheStreet upgraded Rush Enterprises from a “c+” rating to a “b-” rating in a research note on Tuesday, April 25th. Finally, Stifel Nicolaus raised their target price on Rush Enterprises from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, April 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Rush Enterprises currently has a consensus rating of “Buy” and a consensus price target of $42.25.

Rush Enterprises (RUSHA) opened at 39.34 on Friday. The stock has a market cap of $1.55 billion, a PE ratio of 24.84 and a beta of 1.19. The firm’s 50-day moving average price is $38.67 and its 200-day moving average price is $35.81. Rush Enterprises has a 52 week low of $21.99 and a 52 week high of $43.55.

Rush Enterprises (NASDAQ:RUSHA) last posted 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. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Rush Enterprises had a return on equity of 7.37% and a net margin of 1.46%. Equities analysts predict that Rush Enterprises will post $1.80 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in RUSHA. Dimensional Fund Advisors LP raised its position in Rush Enterprises by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,570,095 shares of the company’s stock worth $95,556,000 after buying an additional 20,728 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Rush Enterprises by 25.4% in the second quarter. Parametric Portfolio Associates LLC now owns 139,354 shares of the company’s stock worth $5,181,000 after buying an additional 28,240 shares during the last quarter. Nordea Investment Management AB bought a new position in Rush Enterprises during the second quarter worth $4,294,000. Vanguard Group Inc. raised its position in Rush Enterprises by 8.5% in the second quarter. Vanguard Group Inc. now owns 2,939,802 shares of the company’s stock worth $109,302,000 after buying an additional 230,463 shares during the last quarter. Finally, Northern Trust Corp raised its position in Rush Enterprises by 7.5% in the second quarter. Northern Trust Corp now owns 989,043 shares of the company’s stock worth $36,773,000 after buying an additional 69,015 shares during the last quarter. Institutional investors and hedge funds own 76.73% of the company’s stock.

Rush Enterprises Company Profile

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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