Zacks Investment Research upgraded shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) from a hold rating to a strong-buy rating in a research report report published on Saturday. The firm currently has $47.00 price target on the stock.

According to Zacks, “Rush Enterprises operates the largest network of Peterbilt heavy-duty truck dealerships in North America and John Deere construction equipment dealerships in Texas and Michigan. Their current operations include a network of dealerships located in Texas, California, Oklahoma, Louisiana, Colorado, Arizona, New Mexico and Michigan. These dealerships provide an integrated, one-stop source for the retail sale of new and used heavy-duty trucks and construction equipment; aftermarket parts, service and body shop facilities; and a wide array of financial services. “

Several other research analysts have also issued reports on RUSHA. BidaskClub lowered Rush Enterprises from a buy rating to a hold rating in a research report on Wednesday, July 19th. BMO Capital Markets restated a hold rating and set a $30.00 target price on shares of Rush Enterprises in a research report on Friday, July 7th. TheStreet upgraded Rush Enterprises from a c+ rating to a b- rating in a research report on Tuesday, April 25th. Stifel Nicolaus restated a hold rating and set a $38.00 target price on shares of Rush Enterprises in a research report on Friday, July 28th. Finally, Seaport Global Securities assumed coverage on Rush Enterprises in a research report on Thursday, April 6th. They set a buy rating and a $42.00 target price for the company. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $42.25.

Shares of Rush Enterprises (RUSHA) opened at 42.69 on Friday. Rush Enterprises has a one year low of $21.99 and a one year high of $43.55. The stock has a market capitalization of $1.68 billion, a PE ratio of 26.95 and a beta of 1.16. The company’s 50-day moving average price is $37.60 and its 200 day moving average price is $35.41.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.15. Rush Enterprises had a return on equity of 7.37% and a net margin of 1.46%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Analysts anticipate that Rush Enterprises will post $1.69 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its stake in shares of Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock worth $125,000 after buying an additional 2,296 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock worth $177,000 after buying an additional 115 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of Rush Enterprises during the second quarter worth about $243,000. Cigna Investments Inc. New purchased a new stake in shares of Rush Enterprises during the second quarter worth about $297,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in shares of Rush Enterprises during the first quarter worth about $281,000. Hedge funds and other institutional investors own 76.75% of the company’s stock.

Rush Enterprises Company Profile

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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