Rush Enterprises, Inc. (RUSHA) Receives Consensus Recommendation of “Buy” from Analysts

Rush Enterprises, Inc. (NASDAQ:RUSHA) has been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $41.80.

Several research firms have commented on RUSHA. BMO Capital Markets upped their price objective on Rush Enterprises from $30.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research note on Saturday, July 29th. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $38.00 price objective on shares of Rush Enterprises in a research note on Friday, July 28th. Finally, Buckingham Research began coverage on Rush Enterprises in a research note on Tuesday, September 5th. They set a “neutral” rating and a $40.00 price objective for the company.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in shares of Rush Enterprises by 0.8% in the 2nd quarter. US Bancorp DE now owns 21,036 shares of the company’s stock worth $782,000 after acquiring an additional 164 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Rush Enterprises by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 38,182 shares of the company’s stock worth $1,420,000 after acquiring an additional 164 shares during the period. Legal & General Group Plc grew its holdings in shares of Rush Enterprises by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 42,999 shares of the company’s stock worth $1,597,000 after acquiring an additional 199 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Rush Enterprises by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock worth $152,000 after acquiring an additional 316 shares during the period. Finally, Teachers Advisors LLC grew its holdings in shares of Rush Enterprises by 1.2% in the 4th quarter. Teachers Advisors LLC now owns 52,108 shares of the company’s stock worth $1,662,000 after acquiring an additional 616 shares during the period. Institutional investors own 75.44% of the company’s stock.

Rush Enterprises (NASDAQ RUSHA) traded up 1.24% during mid-day trading on Friday, reaching $43.93. The company had a trading volume of 156,397 shares. The firm’s 50 day moving average price is $40.57 and its 200-day moving average price is $37.13. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 27.73 and a beta of 1.19. Rush Enterprises has a 12 month low of $21.99 and a 12 month high of $44.08.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.15. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.07 billion. Rush Enterprises had a return on equity of 7.31% and a net margin of 1.46%. Equities research analysts anticipate that Rush Enterprises will post $1.79 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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