Media coverage about Rush Enterprises (NASDAQ:RUSHA) has trended positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rush Enterprises earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.7784151140092 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several brokerages recently issued reports on RUSHA. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Wednesday, October 18th. BidaskClub downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. ValuEngine downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seaport Global Securities reiterated a “buy” rating and set a $62.00 price target on shares of Rush Enterprises in a research report on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of Rush Enterprises from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $50.00.
Shares of Rush Enterprises (NASDAQ:RUSHA) opened at $52.76 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.29. The company has a market capitalization of $2,100.00, a PE ratio of 27.34, a PEG ratio of 1.43 and a beta of 1.17. Rush Enterprises has a 52 week low of $30.74 and a 52 week high of $54.37.
Rush Enterprises announced that its board has initiated a share repurchase program on Thursday, November 30th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
In related news, SVP James E. Thor sold 24,200 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.70, for a total transaction of $1,178,540.00. Following the completion of the sale, the senior vice president now directly owns 39,032 shares of the company’s stock, valued at approximately $1,900,858.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Scott T. Anderson sold 12,144 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.76, for a total value of $616,429.44. Following the sale, the senior vice president now directly owns 3,600 shares of the company’s stock, valued at $182,736. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,982 shares of company stock valued at $3,747,332. 11.19% of the stock is owned by company insiders.
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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