Rush Enterprises, Inc. (NASDAQ:RUSHA) has earned an average recommendation of “Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $48.50.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. ValuEngine downgraded shares of Rush Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Credit Suisse Group cut their price objective 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. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Rush Enterprises and gave the company a “buy” rating in a research report on Thursday, October 25th.
Shares of RUSHA stock traded up $0.15 during mid-day trading on Friday, reaching $37.52. The company’s stock had a trading volume of 2,995 shares, compared to its average volume of 260,023. Rush Enterprises has a 12-month low of $31.53 and a 12-month high of $55.40. The company has a current ratio of 1.16, a quick ratio of 0.28 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.45 billion, a PE ratio of 16.38, a P/E/G ratio of 0.67 and a beta of 1.28.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC increased its position in shares of Rush Enterprises by 1,091,785.7% in the third quarter. Clearbridge Investments LLC now owns 458,592 shares of the company’s stock worth $18,027,000 after acquiring an additional 458,550 shares in the last quarter. BlackRock Inc. grew its position in Rush Enterprises by 15.8% during the third quarter. BlackRock Inc. now owns 2,948,628 shares of the company’s stock valued at $115,911,000 after purchasing an additional 401,738 shares in the last quarter. Marshall Wace LLP purchased a new position in Rush Enterprises during the third quarter valued at approximately $15,145,000. Vanguard Group Inc. grew its position in Rush Enterprises by 7.7% during the third quarter. Vanguard Group Inc. now owns 4,085,970 shares of the company’s stock valued at $160,809,000 after purchasing an additional 291,917 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Rush Enterprises by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 1,101,928 shares of the company’s stock valued at $43,316,000 after purchasing an additional 174,219 shares in the last quarter. 74.75% of the stock is currently owned by institutional investors.
Rush Enterprises Company Profile
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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