Rush Enterprises, Inc. (NASDAQ:RUSHA) has received an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $46.00.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Rush Enterprises from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $50.00 target price (up from $42.00) on shares of Rush Enterprises in a research note on Monday, October 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research note on Wednesday, October 18th. ValuEngine downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Buckingham Research assumed coverage on shares of Rush Enterprises in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $40.00 target price for the company.

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Shares of Rush Enterprises (RUSHA) traded down $0.30 during mid-day trading on Friday, reaching $48.35. 225,369 shares of the company traded hands, compared to its average volume of 218,813. Rush Enterprises has a 12-month low of $27.43 and a 12-month high of $54.11. The company has a market cap of $1,940.00, a P/E ratio of 25.72, a P/E/G ratio of 1.59 and a beta of 1.20. 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 (NASDAQ:RUSHA) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.25. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.82%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. equities research analysts predict that Rush Enterprises will post 2.08 earnings per share for the current year.

In related news, CEO William M. Rusty Rush sold 10,906 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were 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 in the company, valued at $4,926,982.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,393,539.16. Following the transaction, the executive vice president now owns 14,733 shares of the company’s stock, valued at approximately $768,031.29. The disclosure for this sale can be found here. 11.19% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its holdings in Rush Enterprises by 0.8% during the second quarter. US Bancorp DE now owns 21,036 shares of the company’s stock valued at $782,000 after purchasing an additional 164 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Rush Enterprises by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,182 shares of the company’s stock valued at $1,420,000 after buying an additional 164 shares during the period. Legal & General Group Plc boosted its holdings in shares of Rush Enterprises by 0.5% in the second quarter. Legal & General Group Plc now owns 42,999 shares of the company’s stock valued at $1,597,000 after buying an additional 199 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of 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 buying an additional 316 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Rush Enterprises by 12.7% in the second quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $256,000 after buying an additional 780 shares during the period. Hedge funds and other institutional investors own 76.02% of the company’s stock.

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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