Rush Enterprises, Inc. Class A (RUSHA) Receives Average Rating of “Buy” from Analysts

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Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) has received an average recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $51.43.

Several equities analysts have weighed in on the stock. ValuEngine downgraded shares of Rush Enterprises, Inc. Class A from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub raised shares of Rush Enterprises, Inc. Class A from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Zacks Investment Research raised shares of Rush Enterprises, Inc. Class A from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, June 27th. Finally, Longbow Research raised shares of Rush Enterprises, Inc. Class A from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Friday, June 1st.

NASDAQ RUSHA traded down $0.60 during trading hours on Friday, hitting $40.70. 312,666 shares of the company’s stock traded hands, compared to its average volume of 143,096. The company has a current ratio of 1.15, a quick ratio of 0.29 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 0.82 and a beta of 1.32. Rush Enterprises, Inc. Class A has a 52 week low of $37.95 and a 52 week high of $55.40.

Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) last announced its earnings results on Tuesday, July 24th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.19. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. Rush Enterprises, Inc. Class A had a net margin of 3.68% and a return on equity of 12.17%. sell-side analysts predict that Rush Enterprises, Inc. Class A will post 3.36 EPS for the current year.

The firm also recently declared an annual dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 8th were paid a dividend of $0.12 per share. This represents a yield of 0.28%. The ex-dividend date of this dividend was Tuesday, August 7th. Rush Enterprises, Inc. Class A’s payout ratio is 20.96%.

A number of hedge funds have recently bought and sold shares of RUSHA. Wells Fargo & Company MN increased its position in Rush Enterprises, Inc. Class A by 161.9% during the first quarter. Wells Fargo & Company MN now owns 170,504 shares of the company’s stock valued at $7,244,000 after acquiring an additional 105,409 shares during the last quarter. SG Americas Securities LLC bought a new position in Rush Enterprises, Inc. Class A during the first quarter valued at $242,000. Mackay Shields LLC bought a new position in Rush Enterprises, Inc. Class A during the first quarter valued at $4,658,000. American Century Companies Inc. increased its position in Rush Enterprises, Inc. Class A by 9.0% during the first quarter. American Century Companies Inc. now owns 171,512 shares of the company’s stock valued at $7,288,000 after acquiring an additional 14,100 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Rush Enterprises, Inc. Class A by 3,564.6% in the first quarter. Victory Capital Management Inc. now owns 182,056 shares of the company’s stock worth $7,735,000 after purchasing an additional 177,088 shares during the last quarter. Institutional investors and hedge funds own 75.36% of the company’s stock.

About Rush Enterprises, Inc. Class A

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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Analyst Recommendations for Rush Enterprises, Inc. Class A (NASDAQ:RUSHA)

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