Rush Enterprises (RUSHA) Receiving Favorable Media Coverage, Report Shows
Press coverage about Rush Enterprises (NASDAQ:RUSHA) has been trending positive on Tuesday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rush Enterprises earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.110279750929 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
RUSHA has been the topic of a number of recent research reports. Seaport Global Securities reaffirmed a “buy” rating and set a $62.00 price objective on shares of Rush Enterprises in a report on Wednesday, January 17th. ValuEngine upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Zacks Investment Research cut shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Stifel Nicolaus lifted their target price on shares of Rush Enterprises from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.00.
Rush Enterprises (RUSHA) opened at $53.27 on Tuesday. Rush Enterprises has a one year low of $30.74 and a one year high of $54.37. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2,120.00, a P/E ratio of 27.60, a PEG ratio of 1.41 and a beta of 1.17.
Rush Enterprises declared that its board has initiated a share repurchase plan on Thursday, November 30th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
In related news, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $52.13, for a total value of $1,393,539.16. Following the completion of the transaction, the executive vice president now owns 14,733 shares in the company, valued at approximately $768,031.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William M. Rusty Rush sold 10,906 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total transaction of $558,823.44. Following the completion of the transaction, the chief executive officer now owns 96,155 shares of the company’s stock, valued at approximately $4,926,982.20. The disclosure for this sale can be found here. Insiders sold 73,982 shares of company stock valued at $3,747,332 in the last quarter. 11.19% of the stock is currently owned by corporate insiders.
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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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