Rush Enterprises Inc. (RUSHA) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Rush Enterprises Inc. (NASDAQ:RUSHA) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the company. Nine investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.25.
A number of analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Rush Enterprises in a research report on Monday, October 10th. They set a “hold” rating and a $22.00 price target for the company. Zacks Investment Research cut shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 5th. BMO Capital Markets upped their price target on shares of Rush Enterprises from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Finally, Stephens cut shares of Rush Enterprises from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 15th.
Several institutional investors have recently modified their holdings of the company. KCG Holdings Inc. bought a new position in shares of Rush Enterprises during the second quarter valued at approximately $208,000. BlackRock Inc. boosted its position in shares of Rush Enterprises by 140.7% in the second quarter. BlackRock Inc. now owns 10,275 shares of the company’s stock valued at $221,000 after buying an additional 6,006 shares during the last quarter. Alambic Investment Management L.P. bought a new position in shares of Rush Enterprises during the second quarter valued at approximately $228,000. Legal & General Group Plc boosted its position in shares of Rush Enterprises by 84.8% in the second quarter. Legal & General Group Plc now owns 12,967 shares of the company’s stock valued at $278,000 after buying an additional 5,950 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Rush Enterprises by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 18,800 shares of the company’s stock valued at $405,000 after buying an additional 500 shares during the last quarter. 78.52% of the stock is currently owned by institutional investors and hedge funds.
Rush Enterprises (NASDAQ:RUSHA) traded up 0.05% during mid-day trading on Monday, hitting $22.17. The stock had a trading volume of 31,502 shares. Rush Enterprises has a one year low of $14.19 and a one year high of $26.81. The company has a 50 day moving average price of $23.71 and a 200 day moving average price of $21.61. The stock has a market cap of $879.28 million, a P/E ratio of 21.30 and a beta of 1.53.
Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates 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 return on equity of 6.16% and a net margin of 0.94%. On average, equities analysts anticipate that Rush Enterprises will post $1.05 EPS for the current year.
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.
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