Rush Enterprises (NASDAQ:RUSHA) Raised to “Buy” at Wall Street Zen

Rush Enterprises (NASDAQ:RUSHA) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms have also weighed in on RUSHA. Weiss Ratings lowered shares of Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. UBS Group initiated coverage on Rush Enterprises in a report on Wednesday, January 28th. They issued a “neutral” rating and a $70.00 price target for the company. Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Stephens lowered their price target on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.50.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA opened at $71.54 on Friday. Rush Enterprises has a 52 week low of $45.67 and a 52 week high of $74.19. The business’s 50 day moving average price is $60.93 and its 200 day moving average price is $56.06. The company has a quick ratio of 0.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5.51 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.88 and a beta of 0.92.

Institutional Inflows and Outflows

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

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.