Stifel Nicolaus set a $49.00 price target on Rush Enterprises (NASDAQ:RUSHA) in a report published on Friday. The firm currently has a hold rating on the stock.

A number of other brokerages have also issued reports on RUSHA. ValuEngine upgraded shares of Rush Enterprises from a hold rating to a buy rating in a research report on Friday, February 2nd. Seaport Global Securities restated a buy rating and set a $62.00 target price on shares of Rush Enterprises in a research report on Wednesday, January 17th. 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 research report on Monday, October 30th. They noted that the move was a valuation call. BidaskClub lowered shares of Rush Enterprises from a buy rating to a hold rating in a research report on Saturday, December 9th. Finally, Zacks Investment Research lowered shares of Rush Enterprises from a strong-buy rating to a hold rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $51.00.

Rush Enterprises (NASDAQ RUSHA) opened at $48.05 on Friday. The company has a market cap of $1,880.00, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. Rush Enterprises has a one year low of $30.74 and a one year high of $55.40. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55.

Rush Enterprises declared that its board has authorized 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, SVP James E. Thor sold 24,200 shares of Rush Enterprises stock in a transaction 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 transaction, the senior vice president now directly owns 39,032 shares in the company, valued at approximately $1,900,858.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Scott T. Anderson sold 12,144 shares of Rush Enterprises stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $50.76, for a total transaction of $616,429.44. Following the completion of the transaction, the senior vice president now owns 3,600 shares in the company, valued at $182,736. The disclosure for this sale can be found here. Company insiders own 11.19% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. lifted its holdings 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 acquiring an additional 316 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Rush Enterprises by 70.7% in the third quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock valued at $157,000 after acquiring an additional 1,393 shares during the period. Sei Investments Co. acquired a new stake in Rush Enterprises in the third quarter valued at $182,000. Trexquant Investment LP acquired a new stake in Rush Enterprises in the third quarter valued at $204,000. Finally, Wrapmanager Inc. acquired a new stake in Rush Enterprises in the third quarter valued at $216,000. Hedge funds and other institutional investors own 76.90% of the company’s stock.

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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.

Analyst Recommendations for Rush Enterprises (NASDAQ:RUSHA)

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