Rush Enterprises, Inc. (NASDAQ:RUSHA) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, June 27th. BMO Capital Markets reissued a “hold” rating and set a $30.00 price objective on shares of Rush Enterprises in a research report on Friday, July 7th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $38.00 price objective on shares of Rush Enterprises in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $42.25.

Rush Enterprises (NASDAQ:RUSHA) opened at 40.95 on Friday. The firm has a 50 day moving average price of $39.82 and a 200 day moving average price of $36.59. Rush Enterprises has a 12-month low of $21.99 and a 12-month high of $43.55. The company has a market cap of $1.63 billion, a PE ratio of 25.85 and a beta of 1.19.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.15. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.31%. On average, analysts anticipate that Rush Enterprises will post $1.80 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. increased its position in shares of Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock worth $125,000 after buying an additional 2,296 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Rush Enterprises by 226.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,167 shares of the company’s stock worth $229,000 after buying an additional 4,279 shares during the period. Aperio Group LLC purchased a new position in shares of Rush Enterprises during the second quarter worth approximately $243,000. PNC Financial Services Group Inc. increased its position in shares of Rush Enterprises by 12.7% in the second quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $256,000 after buying an additional 780 shares during the period. Finally, Nine Chapters Capital Management LLC purchased a new position in shares of Rush Enterprises during the first quarter worth approximately $281,000. 75.45% of the stock is owned by institutional investors.

Rush Enterprises Company Profile

Rush Enterprises, Inc is an integrated 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. Through its Rush Truck Centers, it 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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