Rush Enterprises (NASDAQ:RUSHA) Given Overweight Rating at Stephens

Rush Enterprises (NASDAQ:RUSHA)‘s stock had its “overweight” rating restated by Stephens in a research note issued on Wednesday,Benzinga reports. They presently have a $69.00 price target on the stock. Stephens’ price target suggests a potential upside of 7.73% from the company’s previous close.

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $64.05 on Wednesday. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. Rush Enterprises has a 52 week low of $40.99 and a 52 week high of $65.15. The company has a 50-day simple moving average of $58.29 and a 200 day simple moving average of $55.92.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. On average, sell-side analysts predict that Rush Enterprises will post 3.66 earnings per share for the current year.

Hedge Funds Weigh In On Rush Enterprises

A number of hedge funds have recently added to or reduced their stakes in RUSHA. Blue Trust Inc. lifted its stake in Rush Enterprises by 266.1% during the third quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after purchasing an additional 511 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after acquiring an additional 703 shares during the last quarter. GAMMA Investing LLC increased its position in Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after acquiring an additional 192 shares during the period. Costello Asset Management INC bought a new position in shares of Rush Enterprises during the third quarter valued at $58,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Rush Enterprises by 121.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock worth $62,000 after purchasing an additional 616 shares during the period. Institutional investors own 84.43% of the company’s stock.

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 and Canada. 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, IC Bus, Blue Bird, and Dennis Eagle.