Other research analysts have also recently issued research reports about the company. Buckingham Research reduced their target price on Rush Enterprises from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday. BidaskClub cut Rush Enterprises from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Thursday, January 23rd. Finally, Stephens reduced their target price on Rush Enterprises from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $49.00.
Shares of Rush Enterprises stock opened at $42.65 on Friday. Rush Enterprises has a twelve month low of $33.73 and a twelve month high of $49.27. The stock has a market capitalization of $1.45 billion, a P/E ratio of 9.85, a PEG ratio of 0.82 and a beta of 1.30. The company has a current ratio of 1.14, a quick ratio of 0.23 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average price is $44.85 and its 200 day moving average price is $42.18.
Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.33). Rush Enterprises had a net margin of 2.73% and a return on equity of 14.98%. The firm had revenue of $1.32 billion during the quarter. As a group, sell-side analysts predict that Rush Enterprises will post 4.08 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of RUSHA. Tower Research Capital LLC TRC lifted its stake in shares of Rush Enterprises by 1,798.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,025 shares of the company’s stock worth $39,000 after purchasing an additional 971 shares in the last quarter. AJO LP acquired a new position in shares of Rush Enterprises during the fourth quarter worth about $41,000. Tower Research Capital LLC TRC lifted its stake in shares of Rush Enterprises by 81.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,856 shares of the company’s stock worth $86,000 after purchasing an additional 831 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Rush Enterprises during the fourth quarter worth about $97,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Rush Enterprises by 25.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,616 shares of the company’s stock worth $101,000 after purchasing an additional 524 shares in the last quarter. Institutional investors own 76.34% of the company’s stock.
About Rush Enterprises
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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