Wall Street Zen Upgrades Rush Enterprises (NASDAQ:RUSHA) to “Buy”

Rush Enterprises (NASDAQ:RUSHA) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts also recently commented on the company. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Weiss Ratings lowered Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 10th. Stephens dropped their price target on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, UBS Group began coverage on Rush Enterprises in a research note on Wednesday, January 28th. They set a “neutral” rating and a $70.00 price target for the company. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.50.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $71.54 on Friday. Rush Enterprises has a 52-week low of $45.67 and a 52-week high of $74.19. The company has a 50-day simple moving average of $60.93 and a 200 day simple moving average of $56.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.34 and a current ratio of 1.37. The company has a market capitalization of $5.51 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 0.88 and a beta of 0.92.

Hedge Funds Weigh In On Rush Enterprises

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of Rush Enterprises by 250.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after acquiring an additional 365 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after purchasing an additional 431 shares during the last quarter. Private Trust Co. NA boosted its position in Rush Enterprises by 211.4% during the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after buying an additional 370 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Rush Enterprises during the third quarter valued at about $34,000. Finally, Allworth Financial LP increased its holdings in shares of Rush Enterprises by 5,790.9% in the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after buying an additional 637 shares during the period. 84.43% of the stock is currently owned by institutional investors.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.