BMO Capital Markets reissued their hold rating on shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in a research note released on Friday, July 7th. They currently have a $30.00 target price on the stock.
A number of other equities research analysts have also weighed in on the company. BidaskClub upgraded Rush Enterprises from a hold rating to a buy rating in a research report on Thursday, July 6th. Zacks Investment Research cut Rush Enterprises from a strong-buy rating to a hold rating in a research note on Wednesday, June 28th. TheStreet upgraded Rush Enterprises from a c+ rating to a b- rating in a research note on Tuesday, April 25th. Stifel Nicolaus lifted their price objective on Rush Enterprises from $32.00 to $35.00 and gave the company a hold rating in a research note on Wednesday, April 26th. Finally, Seaport Global Securities assumed coverage on Rush Enterprises in a research note on Thursday, April 6th. They set a buy rating and a $42.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $37.00.
Rush Enterprises (NASDAQ:RUSHA) opened at 37.23 on Friday. Rush Enterprises has a 52-week low of $21.35 and a 52-week high of $39.21. The firm’s 50-day moving average is $36.79 and its 200-day moving average is $34.93. The firm has a market capitalization of $1.47 billion, a P/E ratio of 28.57 and a beta of 1.16.
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Several institutional investors have recently made changes to their positions in RUSHA. Ameritas Investment Partners Inc. increased its stake in 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 in the last quarter. Envestnet Asset Management Inc. increased its stake in Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock worth $177,000 after buying an additional 115 shares in the last quarter. Aperio Group LLC purchased a new stake in Rush Enterprises during the second quarter worth approximately $243,000. Tudor Investment Corp Et Al purchased a new stake in Rush Enterprises during the fourth quarter worth approximately $265,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in Rush Enterprises during the first quarter worth approximately $281,000. Institutional investors and hedge funds own 76.74% of the company’s stock.
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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