Stephens Forecasts Strong Price Appreciation for Rush Enterprises (NASDAQ:RUSHA) Stock

Rush Enterprises (NASDAQ:RUSHA) had its price target lifted by stock analysts at Stephens from $90.00 to $95.00 in a research note issued on Thursday, MarketBeat reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price target indicates a potential upside of 19.06% from the stock’s current price.

Several other brokerages have also issued reports on RUSHA. Weiss Ratings upgraded Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wolfe Research assumed coverage on Rush Enterprises in a research report on Monday, April 27th. They issued an “outperform” rating and a $88.00 price objective for the company. Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. UBS Group boosted their price objective on Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.00.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock opened at $79.79 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.37. The company has a market cap of $6.20 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The firm has a fifty day moving average price of $72.57 and a two-hundred day moving average price of $69.89. Rush Enterprises has a fifty-two week low of $45.67 and a fifty-two week high of $83.50.

Rush Enterprises’s stock is going to split on the morning of Tuesday, August 11th. The 3-2 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a net margin of 3.67% and a return on equity of 11.65%. Analysts expect that Rush Enterprises will post 3.75 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RUSHA. Royal Bank of Canada grew its holdings in Rush Enterprises by 33.6% during the 1st quarter. Royal Bank of Canada now owns 10,786 shares of the company’s stock worth $575,000 after acquiring an additional 2,715 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Rush Enterprises by 8.0% in the first quarter. AQR Capital Management LLC now owns 24,509 shares of the company’s stock worth $1,309,000 after acquiring an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rush Enterprises by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company’s stock worth $1,935,000 after acquiring an additional 1,592 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Rush Enterprises by 18.4% during the first quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company’s stock worth $20,851,000 after purchasing an additional 60,615 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Rush Enterprises during the first quarter worth approximately $221,000. 84.43% of the stock is owned by institutional investors.

Rush Enterprises News Summary

Here are the key news stories impacting Rush Enterprises this week:

• Positive Sentiment: Rush Enterprises reported quarterly EPS of $0.91, exceeding the $0.86 analyst consensus, while revenue of $1.90 billion also topped the $1.89 billion estimate. The earnings beat helped drive shares to a new one-year high. Rush Enterprises Sets New 1-Year High on Earnings Beat
• Positive Sentiment: Stephens raised its price target from $90 to $95 and maintained an “overweight” rating, implying roughly 19% potential upside from the referenced share price. The upgrade reflects confidence in Rush’s diversified business model and earnings prospects. Stephens Price Target Update
• Positive Sentiment: Analyst coverage and post-earnings reviews highlighted steady results across Rush’s diversified operations and signs of an early recovery in the commercial-vehicle market, supporting continued investor interest. RUSHA Q2 Deep Dive
• Neutral Sentiment: Rush Enterprises plans a 3-for-2 stock split, with additional shares distributed to existing shareholders after the specified record-date market close and trading on a split-adjusted basis afterward. The split does not alter shareholders’ underlying ownership value or the company’s fundamentals, but it could improve share affordability and liquidity. Reports provided different effective dates—August 11 and September 1—so investors should confirm the final schedule with the company or exchange. Rush Enterprises Shares Set to Split

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.