Rush Enterprises (RUSHA) Rating Lowered to Sell at ValuEngine

Rush Enterprises (NASDAQ:RUSHA) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, February 4th.

Several other equities analysts also recently commented on RUSHA. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Saturday, January 26th. Credit Suisse Group reduced their price objective on shares of Rush Enterprises from $46.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. BidaskClub upgraded shares of Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Rush Enterprises and gave the stock a “buy” rating in a research note on Thursday, October 25th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.75.

Shares of RUSHA opened at $42.64 on Monday. The stock has a market capitalization of $1.65 billion, a PE ratio of 11.08, a P/E/G ratio of 0.73 and a beta of 1.28. Rush Enterprises has a fifty-two week low of $31.53 and a fifty-two week high of $46.66. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.28 and a current ratio of 1.16.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, February 13th. The company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.28. Rush Enterprises had a net margin of 2.53% and a return on equity of 14.62%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.34 billion. Equities research analysts anticipate that Rush Enterprises will post 3.87 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of RUSHA. FNY Investment Advisers LLC raised its holdings in Rush Enterprises by 109.8% in the 4th quarter. FNY Investment Advisers LLC now owns 1,200 shares of the company’s stock valued at $41,000 after buying an additional 628 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Rush Enterprises by 9.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,683 shares of the company’s stock worth $122,000 after purchasing an additional 321 shares during the last quarter. Commonwealth Bank of Australia bought a new position in Rush Enterprises during the 3rd quarter worth approximately $204,000. Acadian Asset Management LLC raised its holdings in Rush Enterprises by 63.6% during the 3rd quarter. Acadian Asset Management LLC now owns 5,333 shares of the company’s stock worth $210,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new position in Rush Enterprises during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 75.09% 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. 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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