Rush Enterprises, Inc. (RUSHA) Given Average Rating of “Hold” by Brokerages
Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have earned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $46.00.
Several equities research analysts recently issued reports on RUSHA shares. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research cut Rush Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Stifel Nicolaus boosted their target price on Rush Enterprises from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Finally, BMO Capital Markets restated a “market perform” rating and set a $50.00 target price (up from $42.00) on shares of Rush Enterprises in a report on Monday, October 30th. They noted that the move was a valuation call.
Rush Enterprises (NASDAQ:RUSHA) traded down $2.10 during trading hours on Thursday, hitting $49.31. The stock had a trading volume of 199,900 shares, compared to its average volume of 220,483. Rush Enterprises has a 52-week low of $29.68 and a 52-week high of $54.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market cap of $1,960.00, a PE ratio of 26.64, a PEG ratio of 1.65 and a beta of 1.17.
Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, October 25th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.25. Rush Enterprises had a return on equity of 8.82% and a net margin of 1.74%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. equities research analysts expect that Rush Enterprises will post 2.07 earnings per share for the current year.
Rush Enterprises announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 30th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other Rush Enterprises news, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $52.13, for a total value of $1,393,539.16. Following the sale, the executive vice president now owns 14,733 shares of the company’s stock, valued at $768,031.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James E. Thor sold 24,200 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.70, for a total value of $1,178,540.00. Following the completion of the sale, the senior vice president now directly owns 39,032 shares in the company, valued at approximately $1,900,858.40. The disclosure for this sale can be found here. In the last three months, insiders sold 61,838 shares of company stock worth $3,130,903. 11.19% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its position in shares of Rush Enterprises by 70.7% during the third quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock worth $157,000 after acquiring an additional 1,393 shares during the period. Sei Investments Co. acquired a new position in shares of Rush Enterprises during the third quarter worth $182,000. Ameritas Investment Partners Inc. grew its stake in shares of Rush Enterprises by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock worth $152,000 after purchasing an additional 316 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Rush Enterprises during the third quarter worth $204,000. Finally, Wrapmanager Inc. acquired a new position in shares of Rush Enterprises during the third quarter worth $216,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.
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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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