Rush Enterprises, Inc. (RUSHA) Receives New Coverage from Analysts at Buckingham Research
Stock analysts at Buckingham Research began coverage on shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in a report released on Tuesday, The Fly reports. The firm set a “neutral” rating on the stock.
Other research analysts have also issued research reports about the company. BMO Capital Markets restated a “hold” rating and set a $30.00 target price on shares of Rush Enterprises in a research report on Friday, July 7th. BidaskClub lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research report on Saturday, July 29th. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus restated a “hold” rating and set a $38.00 target price on shares of Rush Enterprises in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.25.
Rush Enterprises (RUSHA) opened at 40.95 on Tuesday. Rush Enterprises has a 52-week low of $21.99 and a 52-week high of $43.55. The firm’s 50-day moving average price is $39.82 and its 200-day moving average price is $36.59. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 25.85 and a beta of 1.19.
Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.15. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.07 billion. Rush Enterprises had a return on equity of 7.31% and a net margin of 1.46%. On average, equities analysts anticipate that Rush Enterprises will post $1.80 EPS for the current year.
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Large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its position in shares of Rush Enterprises by 153.1% during the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock valued at $125,000 after buying an additional 2,296 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Rush Enterprises by 226.6% during the second quarter. BNP Paribas Arbitrage SA now owns 6,167 shares of the company’s stock valued at $229,000 after buying an additional 4,279 shares during the period. Aperio Group LLC purchased a new position in shares of Rush Enterprises during the second quarter valued at approximately $243,000. PNC Financial Services Group Inc. boosted its position in shares of Rush Enterprises by 12.7% during the second quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $256,000 after buying an additional 780 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in shares of Rush Enterprises during the second quarter valued at approximately $296,000. Institutional investors and hedge funds own 75.45% of the company’s stock.
About Rush Enterprises
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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