Rush Enterprises (NASDAQ:RUSHA) Earns “Overweight” Rating from Stephens

Rush Enterprises (NASDAQ:RUSHA)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $69.00 price target on the stock. Stephens’ target price suggests a potential upside of 18.35% from the company’s previous close.

Rush Enterprises Price Performance

Shares of RUSHA opened at $58.30 on Wednesday. The company has a 50 day moving average of $58.25 and a two-hundred day moving average of $55.98. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. Rush Enterprises has a twelve month low of $40.99 and a twelve month high of $65.43. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 15.01% and a net margin of 3.90%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. As a group, analysts predict that Rush Enterprises will post 3.92 earnings per share for the current fiscal year.

Institutional Trading of Rush Enterprises

Several large investors have recently added to or reduced their stakes in RUSHA. Commonwealth Equity Services LLC raised its stake in shares of Rush Enterprises by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company’s stock worth $613,000 after purchasing an additional 186 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after purchasing an additional 192 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Rush Enterprises by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock worth $1,649,000 after purchasing an additional 200 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Rush Enterprises by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company’s stock worth $349,000 after purchasing an additional 202 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Rush Enterprises by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock worth $1,782,000 after purchasing an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. 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, IC Bus, Blue Bird, and Dennis Eagle.