Rush Enterprises, Inc. (RUSHA) Receives Average Recommendation of “Buy” from Analysts
Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have been given an average recommendation of “Buy” by the eight research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $43.00.
RUSHA has been the topic of several recent research reports. BidaskClub upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 price target on shares of Rush Enterprises in a report on Friday, July 28th. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price target on shares of Rush Enterprises in a report on Friday, July 7th. Finally, Zacks Investment Research lowered Rush Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th.
Shares of Rush Enterprises (NASDAQ RUSHA) traded up 0.46% during midday trading on Wednesday, reaching $45.98. The company had a trading volume of 127,542 shares. The stock has a market capitalization of $1.83 billion, a PE ratio of 29.03 and a beta of 1.18. Rush Enterprises has a 12-month low of $22.47 and a 12-month high of $47.32. The stock’s 50 day moving average is $43.81 and its 200-day moving average is $38.96.
Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. Rush Enterprises had a return on equity of 7.31% and a net margin of 1.46%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, equities research analysts predict that Rush Enterprises will post $1.80 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of RUSHA. Ameritas Investment Partners Inc. lifted its holdings in shares of Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock valued at $125,000 after purchasing an additional 2,296 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Rush Enterprises by 226.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,167 shares of the company’s stock valued at $229,000 after purchasing an additional 4,279 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of Rush Enterprises in the third quarter valued at approximately $237,000. Aperio Group LLC bought a new position in shares of Rush Enterprises in the second quarter valued at approximately $243,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Rush Enterprises by 12.7% in the second quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $256,000 after purchasing an additional 780 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.
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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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