Media stories about Rush Enterprises (NASDAQ:RUSHA) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Rush Enterprises earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.1100735708881 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- 6 Reasons to Invest in Beacon Roofing (BECN) Stock Right Now – Nasdaq (nasdaq.com)
- Rush Enterprises (A) (RUSHA) Market Valuation Rose While Pacific Global Investment Management Company Has … – Hill Country Times (hillcountrytimes.com)
- Rush Enterprises, Inc. breached its 50 day moving average in a Bearish Manner : RUSHA-US : December 12, 2017 (finance.yahoo.com)
- Rush Enterprises (RUSHA) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
Shares of Rush Enterprises (RUSHA) opened at $49.53 on Friday. Rush Enterprises has a 12-month low of $29.68 and a 12-month high of $54.11. The firm has a market cap of $1,918.80, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.29 and a current ratio of 1.16.
Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.25. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.82%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. equities research analysts anticipate that Rush Enterprises will post 2.07 EPS for the current year.
Rush Enterprises announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 30th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
Several equities research analysts recently issued reports on RUSHA shares. ValuEngine upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Stifel Nicolaus raised their price objective on shares of Rush Enterprises from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, BMO Capital Markets restated a “market perform” rating and set a $50.00 price objective (up from $42.00) on shares of Rush Enterprises in a research report on Monday, October 30th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.00.
In related news, SVP James E. Thor sold 24,200 shares of Rush Enterprises stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.70, for a total value of $1,178,540.00. Following the completion of the transaction, the senior vice president now owns 39,032 shares in the company, valued at $1,900,858.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Derrek Weaver sold 26,732 shares of Rush Enterprises 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 completion of 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. Over the last quarter, insiders have sold 73,982 shares of company stock valued at $3,747,332. Company insiders own 11.19% of the company’s stock.
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Rush Enterprises Company Profile
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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