Rush Enterprises Inc. (NASDAQ:RUSHA)‘s stock had its “buy” rating reaffirmed by BMO Capital Markets in a research note issued on Tuesday.

The analysts wrote, “WW search interest relatively steady. Our analysis of data from Google Trends shows that Y/Y growth in global search interest improved ~100bps Q/ Q for SSTK, while Fotolia saw a deceleration of 200bps (Exhibit 1).””

Several other equities analysts have also recently commented on RUSHA. Zacks Investment Research cut shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Stifel Nicolaus started coverage on shares of Rush Enterprises in a research note on Monday, October 10th. They set a “hold” rating and a $22.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.20.

Analyst Recommendations for Rush Enterprises (NASDAQ:RUSHA)

Rush Enterprises (NASDAQ:RUSHA) opened at 29.48 on Tuesday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 31.66 and a beta of 1.09. Rush Enterprises has a 12 month low of $14.19 and a 12 month high of $29.63. The company’s 50-day moving average is $25.20 and its 200 day moving average is $23.14.

Rush Enterprises (NASDAQ:RUSHA) last released its 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%. On average, equities research analysts predict that Rush Enterprises will post $1.12 earnings per share for the current year.

In other Rush Enterprises news, CEO William M. Rusty Rush sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 132,061 shares in the company, valued at $3,473,204.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. 12.18% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Rush Enterprises during the third quarter worth about $101,000. Strs Ohio bought a new stake in Rush Enterprises during the third quarter worth about $127,000. Morgan Stanley raised its stake 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 during the period. KCG Holdings Inc. bought a new stake in Rush Enterprises during the second quarter worth about $208,000. Finally, Suntrust Banks Inc. bought a new stake in Rush Enterprises during the third quarter worth about $220,000. Institutional investors own 76.67% of the company’s stock.

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About Rush Enterprises

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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