Stifel Nicolaus began coverage on shares of Rush Enterprises Inc. (NASDAQ:RUSHA) in a research note released on Monday morning. The brokerage issued a hold rating and a $22.00 price objective on the stock.

Several other analysts also recently weighed in on RUSHA. Stephens downgraded shares of Rush Enterprises from an overweight rating to an equal weight rating in a report on Friday, July 15th. Zacks Investment Research upgraded shares of Rush Enterprises from a sell rating to a hold rating in a report on Wednesday, July 13th. Finally, BMO Capital Markets lifted their target price on shares of Rush Enterprises from $20.00 to $25.00 and gave the company an outperform rating in a report on Monday, August 1st. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $20.25.

Analyst Recommendations for Rush Enterprises (NASDAQ:RUSHA)

Shares of Rush Enterprises (NASDAQ:RUSHA) traded down 2.73% during trading on Monday, hitting $23.88. The stock had a trading volume of 34,773 shares. The stock has a market cap of $947.10 million, a P/E ratio of 22.94 and a beta of 1.53. The stock’s 50 day moving average price is $23.81 and its 200-day moving average price is $21.55. Rush Enterprises has a one year low of $14.19 and a one year high of $27.45.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. The business earned $1.03 billion during the quarter, compared to the consensus estimate of $1.10 billion. Rush Enterprises had a net margin of 0.94% and a return on equity of 6.16%. Analysts expect that Rush Enterprises will post $1.05 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of RUSHA. Alambic Investment Management L.P. acquired a new position in Rush Enterprises during the second quarter worth approximately $228,000. Oxford Asset Management raised its position in Rush Enterprises by 16.2% in the second quarter. Oxford Asset Management now owns 148,952 shares of the company’s stock worth $3,210,000 after buying an additional 20,784 shares in the last quarter. First Trust Advisors LP acquired a new position in Rush Enterprises during the second quarter worth approximately $1,995,000. Gamco Investors INC. ET AL raised its position in Rush Enterprises by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 18,800 shares of the company’s stock worth $405,000 after buying an additional 500 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Rush Enterprises by 25.2% in the second quarter. California Public Employees Retirement System now owns 40,700 shares of the company’s stock worth $877,000 after buying an additional 8,200 shares in the last quarter. Institutional investors own 78.52% of the company’s stock.

Rush Enterprises Company Profile

Rush Enterprises, Inc is a 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. The Company, through its Rush Truck Centers, 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.

5 Day Chart for NASDAQ:RUSHA

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