Stifel Nicolaus began coverage on shares of Rush Enterprises Inc. (NASDAQ:RUSHA) in a research note issued to investors on Monday. The firm issued a hold rating and a $22.00 price target on the stock.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Rush Enterprises from a strong-buy rating to a hold rating in a research note on Wednesday, October 5th. BMO Capital Markets reissued an outperform rating and issued a $25.00 price objective on shares of Rush Enterprises in a research note on Friday, September 16th. Finally, Stephens cut shares of Rush Enterprises from an overweight rating to an equal weight rating in a research note on Friday, July 15th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $20.25.
Rush Enterprises (NASDAQ:RUSHA) opened at 23.09 on Monday. The stock has a 50 day moving average price of $23.79 and a 200-day moving average price of $21.58. The stock has a market cap of $915.77 million, a PE ratio of 22.18 and a beta of 1.53. Rush Enterprises has a 1-year low of $14.19 and a 1-year high of $27.29.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Rush Enterprises had a net margin of 0.94% and a return on equity of 6.16%. The business earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.10 billion. On average, equities analysts expect that Rush Enterprises will post $1.05 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. purchased a new position in Rush Enterprises during the second quarter worth approximately $208,000. BlackRock Inc. raised its stake in shares of Rush Enterprises by 140.7% in the second quarter. BlackRock Inc. now owns 10,275 shares of the company’s stock worth $221,000 after buying an additional 6,006 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Rush Enterprises during the second quarter worth $228,000. Legal & General Group Plc raised its stake in shares of Rush Enterprises by 84.8% in the second quarter. Legal & General Group Plc now owns 12,967 shares of the company’s stock worth $278,000 after buying an additional 5,950 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of Rush Enterprises by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 18,800 shares of the company’s stock worth $405,000 after buying an additional 500 shares during the last quarter. 78.52% of the stock is owned by hedge funds and other institutional investors.
About Rush Enterprises
Rush Enterprises, Inc is a 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. The Company, through its Rush Truck Centers, 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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