Rush Enterprises (NASDAQ:RUSHA) Earns Neutral Rating from Analysts at UBS Group

UBS Group assumed coverage on shares of Rush Enterprises (NASDAQ:RUSHA) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $70.00 price objective on the stock.

RUSHA has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rush Enterprises in a research report on Thursday, January 22nd. Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Stephens dropped their target price on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Rush Enterprises has a consensus rating of “Moderate Buy” and an average price target of $62.50.

Rush Enterprises Stock Up 1.4%

RUSHA stock opened at $64.19 on Wednesday. The firm’s 50 day moving average price is $57.32 and its 200-day moving average price is $54.81. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.34 and a current ratio of 1.37. The firm has a market cap of $4.95 billion, a PE ratio of 19.05, a PEG ratio of 0.78 and a beta of 0.92. Rush Enterprises has a one year low of $45.67 and a one year high of $66.11.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. Rush Enterprises had a net margin of 3.57% and a return on equity of 12.52%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.75 billion. On average, equities research analysts anticipate that Rush Enterprises will post 3.91 EPS for the current year.

Institutional Investors Weigh In On Rush Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in RUSHA. Royal Bank of Canada raised its stake in Rush Enterprises by 33.6% during the 1st quarter. Royal Bank of Canada now owns 10,786 shares of the company’s stock valued at $575,000 after acquiring an additional 2,715 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Rush Enterprises by 8.0% in the first quarter. AQR Capital Management LLC now owns 24,509 shares of the company’s stock valued at $1,309,000 after purchasing an additional 1,806 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rush Enterprises by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company’s stock worth $1,935,000 after purchasing an additional 1,592 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Rush Enterprises by 18.4% during the first quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company’s stock worth $20,851,000 after purchasing an additional 60,615 shares during the period. Finally, Caxton Associates LLP acquired a new position in Rush Enterprises in the 1st quarter valued at $221,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.