Rush Enterprises (RUSHA) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Rush Enterprises (NASDAQ:RUSHA) from a strong sell rating to a sell rating in a research report released on Wednesday.

A number of other equities analysts have also issued reports on RUSHA. BidaskClub upgraded shares of Rush Enterprises from a sell rating to a hold rating in a research report on Saturday, November 17th. Credit Suisse Group lowered their target price on shares of Rush Enterprises from $46.00 to $40.00 and set a neutral rating on the stock in a research report on Thursday, October 25th. Stifel Nicolaus set a $48.00 target price on shares of Rush Enterprises and gave the stock a buy rating in a research report on Thursday, October 25th. Zacks Investment Research upgraded shares of Rush Enterprises from a hold rating to a buy rating and set a $41.00 target price on the stock in a research report on Tuesday, October 16th. Finally, Buckingham Research restated a buy rating on shares of Rush Enterprises in a research report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Rush Enterprises has an average rating of Buy and an average price target of $49.14.

RUSHA stock opened at $38.06 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.28 and a current ratio of 1.16. Rush Enterprises has a twelve month low of $32.55 and a twelve month high of $55.40. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 0.72 and a beta of 1.31.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, October 23rd. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.14. Rush Enterprises had a net margin of 3.83% and a return on equity of 12.85%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. As a group, analysts predict that Rush Enterprises will post 3.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 7th will be given a $0.12 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.26%. Rush Enterprises’s dividend payout ratio (DPR) is 20.96%.

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its position in Rush Enterprises by 442.3% in the 2nd quarter. Acadian Asset Management LLC now owns 3,259 shares of the company’s stock valued at $141,000 after buying an additional 2,658 shares during the last quarter. Commonwealth Bank of Australia purchased a new position in Rush Enterprises in the 3rd quarter valued at $204,000. Vista Investment Management purchased a new position in Rush Enterprises in the 2nd quarter valued at $231,000. Trexquant Investment LP purchased a new position in Rush Enterprises in the 2nd quarter valued at $232,000. Finally, Wedbush Securities Inc. purchased a new position in Rush Enterprises in the 3rd quarter valued at $216,000. Hedge funds and other institutional investors own 73.37% 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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Analyst Recommendations for Rush Enterprises (NASDAQ:RUSHA)

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