Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have received an average recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $42.25.
A number of analysts have commented on RUSHA shares. BidaskClub downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research 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 objective for the company in a research report on Tuesday, June 27th. TheStreet upgraded Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. Stifel Nicolaus raised their price objective on Rush Enterprises from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price objective on shares of Rush Enterprises in a research report on Friday, July 7th.
Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Rush Enterprises by 701.2% in the first quarter. AQR Capital Management LLC now owns 278,442 shares of the company’s stock valued at $9,211,000 after buying an additional 243,688 shares during the period. Norges Bank bought a new position in Rush Enterprises during the fourth quarter valued at approximately $7,766,000. ACK Asset Management LLC bought a new position in Rush Enterprises during the first quarter valued at approximately $6,204,000. Goldman Sachs Group Inc. increased its position in Rush Enterprises by 157.0% in the first quarter. Goldman Sachs Group Inc. now owns 287,562 shares of the company’s stock valued at $9,512,000 after buying an additional 175,679 shares during the period. Finally, FMR LLC increased its position in Rush Enterprises by 11.6% in the first quarter. FMR LLC now owns 1,666,196 shares of the company’s stock valued at $55,119,000 after buying an additional 173,370 shares during the period. Institutional investors and hedge funds own 76.73% of the company’s stock.
Shares of Rush Enterprises (RUSHA) traded down 0.60% during midday trading on Friday, hitting $41.27. The stock had a trading volume of 41,835 shares. The firm has a 50-day moving average of $37.60 and a 200 day moving average of $35.41. Rush Enterprises has a 12-month low of $21.99 and a 12-month high of $43.55. The firm has a market cap of $1.63 billion, a PE ratio of 26.05 and a beta of 1.19.
Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.07 billion. On average, analysts expect that Rush Enterprises will post $1.80 earnings per share for the current year.
About Rush Enterprises
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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