Rush Enterprises (RUSHA) Earning Somewhat Favorable Media Coverage, Study Shows
Press coverage about Rush Enterprises (NASDAQ:RUSHA) has trended somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rush Enterprises earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.7582203007369 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern’s rankings:
- Market May Hit New Highs: 4 Retail Growth Stocks to Buy (zacks.com)
- Market May Hit New Highs: 4 Retail Growth Stocks to Buy – Yahoo Finance (finance.yahoo.com)
- 5 Retail Value Stocks to Buy as Wall Street Walks a Tightrope – Nasdaq (nasdaq.com)
- Magna International Inc. (MGA) is at $49.20 per share and Rush Enterprises, Inc. (RUSHA) is listed at $41.16 – Stocks Gallery (stocksgallery.com)
A number of equities analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 target price on shares of Rush Enterprises in a report on Friday, July 7th. BidaskClub downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a report on Saturday, July 29th. Buckingham Research assumed coverage on shares of Rush Enterprises in a report on Tuesday, September 5th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 target price on shares of Rush Enterprises in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Rush Enterprises has an average rating of “Buy” and a consensus target price of $41.80.
Shares of Rush Enterprises (NASDAQ:RUSHA) traded up 0.20% during trading on Friday, reaching $40.98. 254,330 shares of the company’s stock were exchanged. Rush Enterprises has a 12-month low of $21.99 and a 12-month high of $43.55. The stock has a 50-day moving average price of $40.61 and a 200 day moving average price of $36.99. The company has a market capitalization of $1.63 billion, a P/E ratio of 25.87 and a beta of 1.19.
Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.15. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Rush Enterprises had a return on equity of 7.31% and a net margin of 1.46%. Equities analysts expect that Rush Enterprises will post $1.79 EPS for the current fiscal year.
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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