Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have received a consensus rating of “Buy” from the eight research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $41.80.

Several research analysts have issued reports on the company. BidaskClub upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price objective on shares of Rush Enterprises in a research note on Friday, July 7th. Buckingham Research assumed coverage on Rush Enterprises in a research note on Tuesday, September 5th. They set a “neutral” rating and a $40.00 price objective for the company. Zacks Investment Research lowered Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

Rush Enterprises (NASDAQ:RUSHA) traded down 0.09% during trading on Friday, hitting $44.64. 24,298 shares of the stock traded hands. The stock has a market cap of $1.78 billion, a PE ratio of 28.18 and a beta of 1.19. Rush Enterprises has a one year low of $21.99 and a one year high of $44.96. The company has a 50-day moving average price of $40.57 and a 200 day moving average price of $37.13.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. Rush Enterprises had a return on equity of 7.31% and a net margin of 1.46%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.07 billion. Analysts expect that Rush Enterprises will post $1.79 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Rush Enterprises by 0.8% in the second quarter. US Bancorp DE now owns 21,036 shares of the company’s stock valued at $782,000 after buying an additional 164 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Rush Enterprises by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,182 shares of the company’s stock valued at $1,420,000 after buying an additional 164 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Rush Enterprises by 0.5% in the second quarter. Legal & General Group Plc now owns 42,999 shares of the company’s stock valued at $1,597,000 after buying an additional 199 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Rush Enterprises by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock valued at $152,000 after buying an additional 316 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Rush Enterprises by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 52,108 shares of the company’s stock valued at $1,662,000 after buying an additional 616 shares in the last quarter. Institutional investors own 75.44% 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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