Rush Enterprises, Inc. (RUSHA) Research Coverage Started at Buckingham Research
Buckingham Research began coverage on shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $40.00 target price on the stock.
A number of other research analysts also recently weighed in on the company. BidaskClub downgraded Rush Enterprises from a buy rating to a hold rating in a report on Friday, June 16th. Zacks Investment Research upgraded Rush Enterprises from a hold rating to a strong-buy rating and set a $41.00 price target on the stock in a report on Tuesday, June 27th. BMO Capital Markets reiterated a hold rating and set a $30.00 price target on shares of Rush Enterprises in a report on Friday, July 7th. Stifel Nicolaus reiterated a hold rating and set a $38.00 price target on shares of Rush Enterprises in a report on Friday, July 28th. Finally, ValuEngine upgraded Rush Enterprises from a hold rating to a buy rating in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $41.80.
Rush Enterprises (RUSHA) opened at 41.05 on Tuesday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 25.92 and a beta of 1.19. Rush Enterprises has a 52-week low of $21.99 and a 52-week high of $43.55. The company’s 50-day moving average price is $40.25 and its 200 day moving average price is $36.79.
Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.15. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Rush Enterprises had a return on equity of 7.31% and a net margin of 1.46%. On average, equities research analysts anticipate that Rush Enterprises will post $1.79 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Koch Industries Inc. acquired a new stake in Rush Enterprises during the first quarter valued at $294,000. Ameriprise Financial Inc. boosted its position in Rush Enterprises by 3.6% during the first quarter. Ameriprise Financial Inc. now owns 51,292 shares of the company’s stock valued at $1,697,000 after purchasing an additional 1,798 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Rush Enterprises by 51.6% during the first quarter. TIAA CREF Investment Management LLC now owns 187,952 shares of the company’s stock valued at $6,217,000 after purchasing an additional 63,940 shares during the last quarter. Suntrust Banks Inc. boosted its position in Rush Enterprises by 33.6% during the first quarter. Suntrust Banks Inc. now owns 18,617 shares of the company’s stock valued at $615,000 after purchasing an additional 4,687 shares during the last quarter. Finally, US Bancorp DE boosted its position in Rush Enterprises by 5.3% during the first quarter. US Bancorp DE now owns 20,872 shares of the company’s stock valued at $690,000 after purchasing an additional 1,043 shares during the last quarter. 75.45% of the stock is owned by hedge funds and other 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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