Rush Enterprises, Inc. (RUSHA) Receives $47.75 Average Target Price from Analysts

Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.75.

Several analysts recently commented on the company. BidaskClub downgraded Rush Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, December 8th. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Friday, January 18th. Finally, ValuEngine raised Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, February 15th.

RUSHA stock opened at $41.81 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.23 and a current ratio of 1.13. The firm has a market capitalization of $1.52 billion, a PE ratio of 10.82, a P/E/G ratio of 0.71 and a beta of 1.32. Rush Enterprises has a twelve month low of $31.53 and a twelve month high of $46.66.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.28. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.34 billion. Rush Enterprises had a return on equity of 14.60% and a net margin of 2.53%. On average, analysts expect that Rush Enterprises will post 3.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 25th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 22nd. Rush Enterprises’s payout ratio is presently 12.47%.

A number of institutional investors have recently modified their holdings of RUSHA. Clearbridge Investments LLC increased its holdings in Rush Enterprises by 1,091,785.7% during the 3rd quarter. Clearbridge Investments LLC now owns 458,592 shares of the company’s stock worth $18,027,000 after purchasing an additional 458,550 shares in the last quarter. BlackRock Inc. increased its holdings in Rush Enterprises by 15.8% during the 3rd quarter. BlackRock Inc. now owns 2,948,628 shares of the company’s stock worth $115,911,000 after purchasing an additional 401,738 shares in the last quarter. Marshall Wace LLP bought a new position in Rush Enterprises during the 3rd quarter worth about $15,145,000. Norges Bank bought a new position in Rush Enterprises during the 4th quarter worth about $12,174,000. Finally, Vanguard Group Inc. increased its holdings in Rush Enterprises by 7.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,085,970 shares of the company’s stock worth $160,809,000 after purchasing an additional 291,917 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

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. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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