ValuEngine Downgrades Rush Enterprises (RUSHA) to Sell

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Rush Enterprises (NASDAQ:RUSHA) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, ValuEngine reports.

Several other equities research analysts also recently issued reports on the company. BidaskClub upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Friday, January 18th. Finally, Longbow Research downgraded Rush Enterprises from a “buy” rating to a “neutral” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Rush Enterprises has a consensus rating of “Hold” and an average target price of $47.75.

NASDAQ RUSHA opened at $37.27 on Friday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.61 and a beta of 1.30. The company has a quick ratio of 0.23, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. Rush Enterprises has a 12 month low of $31.53 and a 12 month high of $46.34.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.48 billion. Rush Enterprises had a return on equity of 15.19% and a net margin of 2.76%. On average, equities research analysts predict that Rush Enterprises will post 4.05 EPS for the current year.

Several institutional investors have recently made changes to their positions in RUSHA. FNY Investment Advisers LLC grew its holdings in shares of Rush Enterprises by 109.8% during the fourth quarter. FNY Investment Advisers LLC now owns 1,200 shares of the company’s stock worth $41,000 after buying an additional 628 shares in the last quarter. Optimum Investment Advisors bought a new position in shares of Rush Enterprises during the first quarter worth about $50,000. Quantamental Technologies LLC bought a new position in shares of Rush Enterprises during the first quarter worth about $95,000. Great West Life Assurance Co. Can grew its holdings in shares of Rush Enterprises by 9.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,683 shares of the company’s stock worth $122,000 after buying an additional 321 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Rush Enterprises during the first quarter worth about $126,000. Institutional investors own 76.13% of the company’s stock.

Rush Enterprises Company Profile

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.

Further Reading: Initial Public Offering (IPO)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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