Rush Enterprises (NASDAQ:RUSHA) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Rush Enterprises (NASDAQ:RUSHA) from a hold rating to a buy rating in a research report report published on Saturday morning.

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

Rush Enterprises Stock Performance

RUSHA stock opened at $71.54 on Friday. Rush Enterprises has a 1-year low of $45.67 and a 1-year high of $74.19. The business has a 50-day moving average price of $60.93 and a 200 day moving average price of $56.07. The company has a market capitalization of $5.51 billion, a P/E ratio of 21.23, a PEG ratio of 0.88 and a beta of 0.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 0.34.

Hedge Funds Weigh In On Rush Enterprises

Several hedge funds have recently modified their holdings of RUSHA. Farther Finance Advisors LLC boosted its stake in Rush Enterprises by 250.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after purchasing an additional 365 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after buying an additional 431 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Rush Enterprises by 211.4% during the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after buying an additional 370 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Rush Enterprises during the third quarter valued at $34,000. Finally, Allworth Financial LP increased its position in shares of Rush Enterprises by 5,790.9% in the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after acquiring an additional 637 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Company Profile

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.