Rush Enterprises (NASDAQ:RUSHA) Raised to Strong-Buy at Zacks Research

Rush Enterprises (NASDAQ:RUSHA) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

A number of other equities analysts have also recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a $56.67 price target (up from $52.00) on shares of Rush Enterprises in a research note on Tuesday, August 25th. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a research report on Wednesday, October 21st. Finally, Stephens dropped their target price on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Enterprises presently has a consensus rating of “Buy” and an average target price of $50.26.

Rush Enterprises Stock Performance

RUSHA opened at $44.27 on Monday. The firm has a market cap of $5.17 billion, a PE ratio of 19.16, a P/E/G ratio of 1.59 and a beta of 0.89. The company has a quick ratio of 0.37, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $47.14 and a 200-day simple moving average of $36.44. Rush Enterprises has a fifty-two week low of $30.45 and a fifty-two week high of $55.74.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, October 27th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Rush Enterprises had a return on equity of 11.91% and a net margin of 3.70%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.05 billion. As a group, equities analysts predict that Rush Enterprises will post 2.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Rush Enterprises

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of Rush Enterprises during the 2nd quarter valued at $25,000. Root Financial Partners LLC lifted its stake in shares of Rush Enterprises by 75.4% in the 1st 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 last quarter. Salomon & Ludwin LLC lifted its stake in shares of Rush Enterprises by 50.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 903 shares of the company’s stock valued at $41,000 after purchasing an additional 301 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Rush Enterprises in the first quarter worth $67,000. Finally, USA Financial Formulas bought a new stake in Rush Enterprises in the third quarter worth $55,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

About Rush Enterprises

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.