BMO Capital Markets reiterated their hold rating on shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in a research report sent to investors on Friday, July 7th. They currently have a $30.00 price target on the stock.
A number of other equities analysts have also weighed in on the company. BidaskClub raised Rush Enterprises from a hold rating to a buy rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded Rush Enterprises from a strong-buy rating to a hold rating in a research report on Wednesday, June 28th. Stifel Nicolaus lifted their target price on Rush Enterprises from $32.00 to $35.00 and gave the company a hold rating in a research report on Wednesday, April 26th. Seaport Global Securities began coverage on Rush Enterprises in a research report on Thursday, April 6th. They issued a buy rating and a $42.00 target price on the stock. Finally, TheStreet upgraded Rush Enterprises from a c+ rating to a b- rating in a research report on Tuesday, April 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Rush Enterprises presently has a consensus rating of Buy and a consensus target price of $42.25.
Rush Enterprises (RUSHA) traded down 0.19% during trading on Friday, reaching $41.52. 172,776 shares of the company traded hands. The company’s 50-day moving average price is $37.60 and its 200 day moving average price is $35.41. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 26.21 and a beta of 1.19. Rush Enterprises has a 52 week low of $21.99 and a 52 week high of $43.55.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. Rush Enterprises had a return on equity of 7.37% and a net margin of 1.46%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, equities research analysts expect that Rush Enterprises will post $1.75 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koch Industries Inc. purchased a new stake in shares of Rush Enterprises during the first quarter worth about $294,000. Norges Bank purchased a new stake in shares of Rush Enterprises during the fourth quarter worth about $7,766,000. FMR LLC boosted its stake in shares of Rush Enterprises by 29.4% in the fourth quarter. FMR LLC now owns 1,492,826 shares of the company’s stock worth $47,620,000 after buying an additional 339,000 shares during the period. State Street Corp boosted its stake in shares of Rush Enterprises by 0.5% in the fourth quarter. State Street Corp now owns 603,871 shares of the company’s stock worth $19,265,000 after buying an additional 3,300 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in shares of Rush Enterprises by 33.6% in the first quarter. Suntrust Banks Inc. now owns 18,617 shares of the company’s stock worth $615,000 after buying an additional 4,687 shares during the period. 76.75% of the stock is owned by institutional investors and hedge funds.
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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