Rush Enterprises (NASDAQ:RUSHA) Raised to Hold at UBS Group

Rush Enterprises (NASDAQ:RUSHA) was upgraded by stock analysts at UBS Group to a “hold” rating in a report issued on Wednesday, Marketbeat reports. The firm currently has a $70.00 target price on the stock. UBS Group’s price objective suggests a potential upside of 12.40% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Stephens decreased their target price on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Rush Enterprises has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $62.28 on Wednesday. The stock has a market cap of $4.80 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. The company has a fifty day simple moving average of $56.76 and a 200-day simple moving average of $54.68. The company has a current ratio of 1.37, a quick ratio of 0.34 and a debt-to-equity ratio of 0.16. Rush Enterprises has a 12-month low of $45.67 and a 12-month high of $66.11.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Rush Enterprises had a return on equity of 12.52% and a net margin of 3.57%. Equities analysts expect that Rush Enterprises will post 3.91 EPS for the current fiscal year.

Institutional Trading of Rush Enterprises

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in shares of Rush Enterprises by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 57,375 shares of the company’s stock valued at $2,955,000 after purchasing an additional 208 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Rush Enterprises by 8.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,969 shares of the company’s stock valued at $159,000 after buying an additional 219 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Rush Enterprises by 3.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,392 shares of the company’s stock valued at $329,000 after buying an additional 237 shares during the period. State of Alaska Department of Revenue raised its position in Rush Enterprises by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 35,188 shares of the company’s stock worth $1,897,000 after buying an additional 251 shares during the last quarter. Finally, Corbyn Investment Management Inc. MD lifted its stake in shares of Rush Enterprises by 0.9% in the 2nd quarter. Corbyn Investment Management Inc. MD now owns 28,058 shares of the company’s stock worth $1,445,000 after acquiring an additional 257 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.