Rush Enterprises (NASDAQ: RUSHA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Thursday, Analyst Ratings Network reports. The firm currently has a $28.50 target price on the stock. Zacks‘ price target would indicate a potential upside of 17.57% from the company’s current price.
RUSHA has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Rush Enterprises from $30.00 to $28.00 in a research note to investors on Thursday, April 25th. They now have an “outperform” rating on the stock. Analysts at BMO Capital Markets cut their price target on shares of Rush Enterprises from $28.00 to $26.00 in a research note to investors on Thursday, April 25th. They now have a “market perform” rating on the stock.
Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.08.
Rush Enterprises (NASDAQ: RUSHA) traded up 1.03% on Thursday, hitting $24.49. Rush Enterprises has a 52-week low of $14.05 and a 52-week high of $26.10. The stock’s 50-day moving average is currently $24.20. The company has a market cap of $966.6 million and a price-to-earnings ratio of 16.06.
Rush Enterprises (NASDAQ: RUSHA) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.34. The company had revenue of $756.79 million for the quarter, compared to the consensus estimate of $758.10 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts expect that Rush Enterprises will post $1.77 EPS for the current fiscal year.
Rush Enterprises, Inc (NASDAQ: RUSHA) is an integrated retailer of transportation and construction equipment and related services.
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This article (Rush Enterprises Upgraded to “Outperform” by Zacks (RUSHA)) was originally developed by and is property of American Banking News.
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