BidaskClub upgraded shares of Rush Enterprises (NASDAQ:RUSHA) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other research firms have also recently weighed in on RUSHA. ValuEngine cut shares of Rush Enterprises from a hold rating to a sell rating in a report on Friday, September 7th. Zacks Investment Research raised shares of Rush Enterprises from a hold rating to a buy rating and set a $41.00 price target on the stock in a report on Tuesday, October 16th. Credit Suisse Group lowered their price target on shares of Rush Enterprises from $46.00 to $40.00 and set a neutral rating on the stock in a report on Thursday, October 25th. Stifel Nicolaus set a $48.00 price target on shares of Rush Enterprises and gave the company a buy rating in a report on Thursday, October 25th. Finally, Buckingham Research reissued a buy rating on shares of Rush Enterprises in a report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $49.14.

Shares of NASDAQ:RUSHA opened at $37.21 on Friday. Rush Enterprises has a 52-week low of $32.55 and a 52-week high of $55.40. The stock has a market capitalization of $1.47 billion, a P/E ratio of 16.03, a PEG ratio of 0.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.16 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, October 23rd. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.14. Rush Enterprises had a net margin of 3.83% and a return on equity of 12.85%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. On average, sell-side analysts expect that Rush Enterprises will post 3.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.48 annualized dividend and a yield of 1.29%. Rush Enterprises’s dividend payout ratio is currently 20.96%.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Rush Enterprises by 15.8% during the third quarter. BlackRock Inc. now owns 2,948,628 shares of the company’s stock worth $115,911,000 after purchasing an additional 401,738 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Rush Enterprises by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 1,101,928 shares of the company’s stock worth $43,316,000 after purchasing an additional 174,219 shares during the period. Northern Trust Corp increased its holdings in shares of Rush Enterprises by 3.1% during the second quarter. Northern Trust Corp now owns 993,808 shares of the company’s stock worth $43,111,000 after purchasing an additional 30,009 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Rush Enterprises by 21.2% during the third quarter. Renaissance Technologies LLC now owns 793,278 shares of the company’s stock worth $31,184,000 after purchasing an additional 138,578 shares during the period. Finally, Granahan Investment Management Inc. MA increased its holdings in shares of Rush Enterprises by 15.7% during the second quarter. Granahan Investment Management Inc. MA now owns 384,746 shares of the company’s stock worth $16,690,000 after purchasing an additional 52,100 shares during the period. 73.37% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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Analyst Recommendations for Rush Enterprises (NASDAQ:RUSHA)

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