Rush Enterprises (NASDAQ:RUSHA) Price Target Raised to $95.00 at Stephens

Rush Enterprises (NASDAQ:RUSHA) had its price objective upped by investment analysts at Stephens from $90.00 to $95.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ price target indicates a potential upside of 16.39% from the company’s previous close.

A number of other research firms have also weighed in on RUSHA. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Wolfe Research assumed coverage on Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price target for the company. UBS Group boosted their price target on Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Rush Enterprises has an average rating of “Moderate Buy” and an average price target of $87.00.

Rush Enterprises Stock Up 3.6%

RUSHA stock opened at $81.62 on Thursday. The company has a market capitalization of $6.34 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. Rush Enterprises has a 12 month low of $45.67 and a 12 month high of $83.50. The firm’s fifty day simple moving average is $72.14 and its 200-day simple moving average is $69.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 0.37.

Shares of Rush Enterprises are set to split on Tuesday, August 11th. The 3-2 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, July 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Rush Enterprises had a net margin of 3.67% and a return on equity of 11.78%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. As a group, equities research analysts forecast that Rush Enterprises will post 3.75 earnings per share for the current year.

Hedge Funds Weigh In On Rush Enterprises

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC grew its holdings in Rush Enterprises by 75.4% in the first quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Rush Enterprises by 495.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after buying an additional 431 shares during the period. Private Trust Co. NA lifted its position in shares of Rush Enterprises by 211.4% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after buying an additional 370 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Rush Enterprises during the 3rd quarter valued at approximately $34,000. Finally, Allworth Financial LP grew its stake in Rush Enterprises by 5,790.9% in the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after acquiring an additional 637 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.