BidaskClub downgraded shares of Rush Enterprises (NASDAQ:RUSHA) from a sell rating to a strong sell rating in a research note published on Friday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Rush Enterprises from a hold rating to a buy rating and set a $50.00 price target on the stock in a research note on Wednesday, June 27th. ValuEngine lowered shares of Rush Enterprises from a hold rating to a sell rating in a research note on Monday, July 30th. Finally, Buckingham Research restated a buy rating on shares of Rush Enterprises in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Rush Enterprises has a consensus rating of Hold and an average price target of $50.14.

NASDAQ RUSHA opened at $33.90 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.29. The company has a market cap of $1.33 billion, a P/E ratio of 11.41, a PEG ratio of 0.67 and a beta of 1.32. Rush Enterprises has a 52 week low of $33.55 and a 52 week high of $55.40.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. Rush Enterprises had a net margin of 3.68% and a return on equity of 12.17%. Research analysts forecast that Rush Enterprises will post 3.36 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of RUSHA. Wells Fargo & Company MN increased its stake in Rush Enterprises by 161.9% during the 1st quarter. Wells Fargo & Company MN now owns 170,504 shares of the company’s stock valued at $7,244,000 after purchasing an additional 105,409 shares in the last quarter. BlackRock Inc. increased its stake in shares of Rush Enterprises by 11.5% in the first quarter. BlackRock Inc. now owns 2,329,519 shares of the company’s stock worth $98,982,000 after acquiring an additional 240,466 shares during the period. New York State Common Retirement Fund increased its stake in shares of Rush Enterprises by 10.7% in the first quarter. New York State Common Retirement Fund now owns 85,367 shares of the company’s stock worth $3,627,000 after acquiring an additional 8,277 shares during the period. California Public Employees Retirement System increased its stake in shares of Rush Enterprises by 17.9% in the first quarter. California Public Employees Retirement System now owns 42,015 shares of the company’s stock worth $1,785,000 after acquiring an additional 6,390 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in shares of Rush Enterprises by 302.6% in the first quarter. Allianz Asset Management GmbH now owns 134,572 shares of the company’s stock worth $5,718,000 after acquiring an additional 101,146 shares during the period. Institutional investors and hedge funds own 75.35% of the company’s stock.

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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Analyst Recommendations for Rush Enterprises (NASDAQ:RUSHA)

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