Rush Enterprises Inc. (RUSHA) Rating Reiterated by BMO Capital Markets
Rush Enterprises Inc. (NASDAQ:RUSHA)‘s stock had its “outperform” rating reaffirmed by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. They presently have a $25.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 8.18% from the stock’s current price.
RUSHA has been the topic of a number of other research reports. Bank of America Corp. reissued a “buy” rating on shares of Rush Enterprises in a research note on Tuesday, May 24th. Zacks Investment Research raised Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Stephens cut Rush Enterprises from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 15th. Finally, Longbow Research cut Rush Enterprises from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Rush Enterprises has a consensus rating of “Hold” and a consensus price target of $19.67.
Shares of Rush Enterprises (NASDAQ:RUSHA) opened at 23.11 on Friday. The firm has a market cap of $916.57 million, a P/E ratio of 22.20 and a beta of 1.68. Rush Enterprises has a 12 month low of $14.19 and a 12 month high of $27.45. The firm has a 50-day moving average of $23.31 and a 200 day moving average of $20.88.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Rush Enterprises had a return on equity of 6.16% and a net margin of 0.94%. On average, equities research analysts anticipate that Rush Enterprises will post $0.91 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC purchased a new stake in shares of Rush Enterprises during the first quarter valued at about $191,000. KCG Holdings Inc. purchased a new stake in shares of Rush Enterprises during the second quarter valued at about $208,000. BlackRock Inc. raised its stake in shares of Rush Enterprises by 140.7% in the second quarter. BlackRock Inc. now owns 10,275 shares of the company’s stock valued at $221,000 after buying an additional 6,006 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Rush Enterprises during the second quarter valued at about $228,000. Finally, Legal & General Group Plc raised its stake in shares of Rush Enterprises by 84.8% in the second quarter. Legal & General Group Plc now owns 12,967 shares of the company’s stock valued at $278,000 after buying an additional 5,950 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.
Rush Enterprises Company Profile
Rush Enterprises, Inc is a 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. The Company, through its Rush Truck Centers, 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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