Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Has Consensus Target Price of $46.00 According to Analysts

Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have received an average rating of “Hold” from the five research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.00.

Several analysts have commented on the stock. Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 21st. UBS Group reissued a “neutral” rating and set a $56.67 price target (up from $52.00) on shares of Rush Enterprises in a research note on Tuesday, August 25th. Stephens raised their price objective on Rush Enterprises from $40.00 to $42.22 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th.

Insiders Place Their Bets

In related news, Director Michael McRoberts sold 14,625 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $36.20, for a total transaction of $529,360.00. Following the transaction, the director directly owned 36,514 shares in the company, valued at approximately $1,321,644.52. This represents a 28.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William Rush sold 161,041 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $36.02, for a total value of $5,801,054.69. Following the completion of the sale, the chief executive officer directly owned 391,846 shares in the company, valued at approximately $14,115,163.69. The trade was a 29.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 252,561 shares of company stock valued at $9,092,298. 12.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rush Enterprises

Several hedge funds have recently modified their holdings of RUSHA. Hsbc Holdings PLC acquired a new position in Rush Enterprises during the fourth quarter worth approximately $776,000. Granite Investment Partners LLC raised its stake in Rush Enterprises by 124.1% during the first quarter. Granite Investment Partners LLC now owns 143,619 shares of the company’s stock worth $9,495,000 after purchasing an additional 79,535 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Rush Enterprises by 83.9% in the 1st quarter. Janus Henderson Group PLC now owns 724,410 shares of the company’s stock valued at $47,920,000 after purchasing an additional 330,553 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of Rush Enterprises in the 1st quarter valued at $3,655,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Rush Enterprises by 27.3% in the 1st quarter. California State Teachers Retirement System now owns 72,875 shares of the company’s stock valued at $4,818,000 after purchasing an additional 15,643 shares during the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $45.36 on Tuesday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.61 and a beta of 0.92. Rush Enterprises has a 12-month low of $30.45 and a 12-month high of $55.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.38. The firm’s 50-day moving average is $48.21 and its two-hundred day moving average is $35.90.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Rush Enterprises had a net margin of 3.67% and a return on equity of 11.65%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. Equities analysts predict that Rush Enterprises will post 2.43 earnings per share for the current year.

Rush Enterprises Company Profile

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.