Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $42.25.

A number of research firms recently issued reports on RUSHA. BidaskClub upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BMO Capital Markets restated a “hold” rating and issued a $30.00 target price on shares of Rush Enterprises in a report on Friday, July 7th. Zacks Investment Research downgraded shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $38.00 price objective on shares of Rush Enterprises in a research note on Friday, July 28th.

A number of large investors have recently added to or reduced their stakes in RUSHA. Sterling Capital Management LLC increased its stake in Rush Enterprises by 9.5% in the second quarter. Sterling Capital Management LLC now owns 34,494 shares of the company’s stock valued at $1,282,000 after buying an additional 2,984 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in 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. Castleark Management LLC acquired a new stake in Rush Enterprises during the second quarter valued at about $8,598,000. State Street Corp increased its stake in Rush Enterprises by 8.8% in the second quarter. State Street Corp now owns 648,898 shares of the company’s stock valued at $24,125,000 after buying an additional 52,409 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in Rush Enterprises during the second quarter valued at about $6,864,000. Institutional investors own 75.45% of the company’s stock.

Shares of Rush Enterprises (NASDAQ:RUSHA) traded up 1.88% during mid-day trading on Tuesday, reaching $40.13. 189,603 shares of the company’s stock traded hands. The company’s 50-day moving average price is $39.44 and its 200-day moving average price is $36.30. The stock has a market capitalization of $1.60 billion, a PE ratio of 25.33 and a beta of 1.19. Rush Enterprises has a 12-month low of $21.99 and a 12-month high of $43.55.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.31%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.07 billion. Analysts anticipate that Rush Enterprises will post $1.80 earnings per share for the current year.

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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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