Stifel Nicolaus reiterated their hold rating on shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in a research report report published on Friday morning. They currently have a $38.00 target price on the stock.

Other equities analysts have also issued reports about the company. BidaskClub lowered Rush Enterprises from a buy rating to a hold rating in a research note on Wednesday, July 19th. BMO Capital Markets restated a hold rating and issued a $30.00 target price on shares of Rush Enterprises in a research note on Friday, July 7th. Zacks Investment Research lowered Rush Enterprises from a buy rating to a hold rating in a research note on Thursday, April 27th. TheStreet upgraded Rush Enterprises from a c+ rating to a b- rating in a research note on Tuesday, April 25th. Finally, Seaport Global Securities assumed coverage on Rush Enterprises in a research note on Thursday, April 6th. They issued a buy rating and a $42.00 target price on the stock. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $39.25.

Rush Enterprises (NASDAQ RUSHA) opened at 43.13 on Friday. Rush Enterprises has a 52-week low of $21.99 and a 52-week high of $43.55. The company has a market cap of $1.70 billion, a PE ratio of 27.23 and a beta of 1.16. The firm has a 50-day moving average price of $37.44 and a 200-day moving average price of $35.34.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. Rush Enterprises had a return on equity of 7.37% and a net margin of 1.46%. On average, analysts forecast that Rush Enterprises will post $1.69 EPS for the current year.

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Several institutional investors have recently made changes to their positions in RUSHA. AQR Capital Management LLC raised its position in shares of Rush Enterprises by 701.2% in the first quarter. AQR Capital Management LLC now owns 278,442 shares of the company’s stock valued at $9,211,000 after buying an additional 243,688 shares during the period. Norges Bank purchased a new position in shares of Rush Enterprises during the fourth quarter valued at approximately $7,766,000. ACK Asset Management LLC purchased a new position in shares of Rush Enterprises during the first quarter valued at approximately $6,204,000. Goldman Sachs Group Inc. raised its position in shares of Rush Enterprises by 157.0% in the first quarter. Goldman Sachs Group Inc. now owns 287,562 shares of the company’s stock valued at $9,512,000 after buying an additional 175,679 shares during the period. Finally, FMR LLC raised its position in shares of Rush Enterprises by 11.6% in the first quarter. FMR LLC now owns 1,666,196 shares of the company’s stock valued at $55,119,000 after buying an additional 173,370 shares during the period. Hedge funds and other institutional investors own 76.75% of the company’s stock.

About Rush Enterprises

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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