Rush Enterprises (NASDAQ:RUSHA) Upgraded by Wall Street Zen to “Buy” Rating

Rush Enterprises (NASDAQ:RUSHA) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

RUSHA has been the topic of several other reports. Weiss Ratings downgraded Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. UBS Group began coverage on Rush Enterprises in a research note on Wednesday, January 28th. They issued a “neutral” rating and a $70.00 target price on the stock. Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Stephens cut their price target on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.50.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $71.54 on Friday. Rush Enterprises has a 12-month low of $45.67 and a 12-month high of $74.19. The company has a current ratio of 1.37, a quick ratio of 0.34 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $60.93 and a 200-day moving average price of $56.06. The firm has a market capitalization of $5.51 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 0.88 and a beta of 0.92.

Institutional Investors Weigh In On Rush Enterprises

Several hedge funds have recently modified their holdings of RUSHA. Dimensional Fund Advisors LP raised its stake in Rush Enterprises by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,774,824 shares of the company’s stock worth $203,618,000 after buying an additional 29,375 shares in the last quarter. State Street Corp raised its holdings in Rush Enterprises by 0.3% in the second quarter. State Street Corp now owns 2,359,238 shares of the company’s stock worth $121,524,000 after purchasing an additional 6,994 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Rush Enterprises by 14.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,179,236 shares of the company’s stock worth $63,054,000 after buying an additional 148,363 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Rush Enterprises by 38.6% in the 3rd quarter. American Century Companies Inc. now owns 1,173,429 shares of the company’s stock worth $62,743,000 after purchasing an additional 326,917 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its position in Rush Enterprises by 20.6% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,012,486 shares of the company’s stock valued at $54,613,000 after buying an additional 173,096 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Company Profile

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.