Rush Enterprises (NASDAQ:RUSHA) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Rush Enterprises from “buy” to “hold.” Despite the change, analysts’ average rating remains “buy,” with an average price target of $50.26.
• Rush reported quarterly EPS of $0.65, slightly above the $0.64 consensus, and revenue of $2.11 billion versus estimates of $2.05 billion.
• Several institutional investors increased their holdings in the third quarter; institutions collectively own 84.43% of the company’s stock.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other analysts also recently commented on the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Rush Enterprises in a research note on Wednesday, October 21st. UBS Group restated a "neutral" rating and issued a $56.67 price objective (up from $52.00) on shares of Rush Enterprises in a report on Tuesday, August 25th. 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 note on Thursday, October 29th. Finally, Zacks Research raised Rush Enterprises from a "strong sell" rating to a "strong-buy" rating in a report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $50.26.

Rush Enterprises Price Performance

NASDAQ:RUSHA opened at $44.20 on Friday. The stock's fifty day moving average is $46.78 and its two-hundred day moving average is $36.70. The company has a market capitalization of $5.16 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.58 and a beta of 0.89. The company has a quick ratio of 0.37, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. Rush Enterprises has a 52 week low of $30.94 and a 52 week high of $55.74.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. Rush Enterprises had a return on equity of 11.91% and a net margin of 3.70%. Equities analysts expect that Rush Enterprises will post 2.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC lifted its holdings in shares of Rush Enterprises by 22.8% in the third quarter. William Blair Investment Management LLC now owns 232,105 shares of the company's stock valued at $10,633,000 after purchasing an additional 43,066 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Rush Enterprises by 271.5% in the third quarter. Russell Investments Group Ltd. now owns 487,839 shares of the company's stock worth $22,348,000 after buying an additional 356,519 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Rush Enterprises in the third quarter worth $26,000. Fifth Third Bancorp grew its holdings in shares of Rush Enterprises by 42.3% during the third quarter. Fifth Third Bancorp now owns 19,069 shares of the company's stock valued at $874,000 after buying an additional 5,666 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in shares of Rush Enterprises by 129.4% during the third quarter. Maryland State Retirement & Pension System now owns 20,365 shares of the company's stock valued at $933,000 after buying an additional 11,489 shares in the last quarter. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Company Profile

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.

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