BidaskClub downgraded shares of Rush Enterprises (NASDAQ:RUSHA) from a hold rating to a sell rating in a report released on Saturday.

Several other equities analysts have also commented on the company. ValuEngine lowered Rush Enterprises from a hold rating to a sell rating in a research note on Monday, July 30th. Buckingham Research reiterated a buy rating on shares of Rush Enterprises in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Rush Enterprises from a hold rating to a buy rating and set a $41.00 target price for the company in a research note on Tuesday, October 16th. Stifel Nicolaus set a $48.00 target price on Rush Enterprises and gave the company a buy rating in a research note on Thursday, October 25th. Finally, Credit Suisse Group dropped their target price on Rush Enterprises from $46.00 to $40.00 and set a neutral rating for the company in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $49.14.

Shares of RUSHA stock opened at $37.21 on Friday. The firm has a market cap of $1.46 billion, a P/E ratio of 16.25, a PEG ratio of 0.71 and a beta of 1.31. Rush Enterprises has a 1 year low of $32.55 and a 1 year high of $55.40. The company has a quick ratio of 0.29, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, October 23rd. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.14. Rush Enterprises had a return on equity of 12.99% and a net margin of 3.83%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. As a group, research analysts predict that Rush Enterprises will post 3.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, November 6th. Rush Enterprises’s payout ratio is 20.96%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of Rush Enterprises by 442.3% in the second quarter. Acadian Asset Management LLC now owns 3,259 shares of the company’s stock worth $141,000 after acquiring an additional 2,658 shares in the last quarter. Commonwealth Bank of Australia acquired a new position in shares of Rush Enterprises in the third quarter worth about $204,000. Xact Kapitalforvaltning AB acquired a new position in shares of Rush Enterprises in the first quarter worth about $215,000. Wedbush Securities Inc. acquired a new position in shares of Rush Enterprises in the third quarter worth about $216,000. Finally, Vista Investment Management acquired a new position in shares of Rush Enterprises in the second quarter worth about $231,000. 74.04% of the stock is owned by institutional investors.

Rush Enterprises Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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Analyst Recommendations for Rush Enterprises (NASDAQ:RUSHA)

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