Rush Enterprises Inc. (RUSHA) Given Average Rating of “Hold” by Brokerages
Shares of Rush Enterprises Inc. (NASDAQ:RUSHA) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the stock. Eight equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.20.
RUSHA has been the topic of several research reports. Stifel Nicolaus started coverage on shares of Rush Enterprises in a report on Monday, October 10th. They issued a “hold” rating and a $22.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $25.00 price objective on shares of Rush Enterprises in a research note on Friday, September 16th. Finally, Zacks Investment Research lowered shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th.
Shares of Rush Enterprises (NASDAQ:RUSHA) traded up 2.64% on Monday, hitting $28.34. 89,617 shares of the stock traded hands. The firm’s 50-day moving average is $24.73 and its 200 day moving average is $22.83. Rush Enterprises has a 12-month low of $14.19 and a 12-month high of $28.54. The firm has a market cap of $1.12 billion, a P/E ratio of 30.44 and a beta of 1.09.
Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.07. Rush Enterprises had a net margin of 0.87% and a return on equity of 5.53%. Equities research analysts forecast that Rush Enterprises will post $1.12 EPS for the current fiscal year.
In related news, CEO William M. Rusty Rush sold 50,000 shares of Rush Enterprises stock in a transaction on Monday, October 31st. The shares were sold at an average price of $26.30, for a total value of $1,315,000.00. Following the completion of the sale, the chief executive officer now owns 132,061 shares in the company, valued at $3,473,204.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.18% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Rush Enterprises during the third quarter worth approximately $101,000. Strs Ohio acquired a new position in Rush Enterprises during the third quarter worth approximately $127,000. Morgan Stanley increased its position in Rush Enterprises by 230.0% in the third quarter. Morgan Stanley now owns 6,053 shares of the company’s stock worth $148,000 after buying an additional 4,219 shares in the last quarter. Suntrust Banks Inc. acquired a new position in Rush Enterprises during the third quarter worth approximately $220,000. Finally, KCG Holdings Inc. acquired a new position in Rush Enterprises during the second quarter worth approximately $208,000. 76.67% of the stock is owned by hedge funds and other institutional investors.
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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