Rush Enterprises (NASDAQ:RUSHA – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.
A number of other brokerages have also recently weighed in on RUSHA. Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 21st. Stephens decreased their price objective on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. UBS Group reiterated a “neutral” rating and issued a $56.67 target price (up from $52.00) on shares of Rush Enterprises in a research note on Tuesday, August 25th. Finally, Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Rush Enterprises has a consensus rating of “Buy” and an average target price of $50.26.
Check Out Our Latest Stock Report on RUSHA
Rush Enterprises Stock Down 0.4%
RUSHA opened at $44.27 on Monday. The business has a 50 day moving average price of $47.14 and a 200 day moving average price of $36.44. Rush Enterprises has a twelve month low of $30.45 and a twelve month high of $55.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.37 and a current ratio of 1.44. The firm has a market cap of $5.17 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89.
Rush Enterprises (NASDAQ:RUSHA – Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Rush Enterprises had a return on equity of 11.91% and a net margin of 3.70%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Research analysts forecast that Rush Enterprises will post 2.43 EPS for the current year.
Institutional Trading of Rush Enterprises
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Rush Enterprises during the second quarter worth approximately $25,000. Root Financial Partners LLC grew its stake in shares of Rush Enterprises by 75.4% in the first quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the last quarter. Salomon & Ludwin LLC increased its position in Rush Enterprises by 50.0% during the third quarter. Salomon & Ludwin LLC now owns 903 shares of the company’s stock worth $41,000 after acquiring an additional 301 shares during the period. USA Financial Formulas bought a new position in Rush Enterprises during the third quarter worth $55,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in Rush Enterprises by 62.2% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,207 shares of the company’s stock valued at $55,000 after purchasing an additional 463 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.
About Rush Enterprises
Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.
In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.
Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.
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