Rush Enterprises (NASDAQ:RUSHA) Receives a Downgrade
In an analyst note shared with investors on 17 December, BB&T Capital Mkts cut shares of Rush Enterprises (NASDAQ:RUSHA) to a lower “Hold” rating from the previous “Buy” rating.
From a total of 10 analysts covering Rush Enterprises (NASDAQ:RUSHA) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is $41 while the lowest target price is $23. The mean of all analyst targets is $29.4 with a 40.54% above today’s ($20.99) stock price. Rush Enterprises was the topic of 2 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc.
Approximately 25,355 shares of stock traded hands. Rush Enterprises, Inc. (NASDAQ:RUSHA) has declined 20.71% since May 14, 2015 and is downtrending. It has underperformed by 18.45% the S&P500.
Rush Enterprises, Inc. is a retailer of commercial vehicles and related services. The company has a market cap of $845.58 million. The Firm operates a network of commercial vehicle dealerships under the name Rush Truck Centers. It has 10.66 P/E ratio. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, among others.
According to Zacks Investment Research, “Rush Enterprises operates the largest network of Peterbilt heavy-duty truck dealerships in North America and John Deere construction equipment dealerships in Texas and Michigan. Their current operations include a network of dealerships located in Texas, California, Oklahoma, Louisiana, Colorado, Arizona, New Mexico and Michigan. These dealerships provide an integrated, one-stop source for the retail sale of new and used heavy-duty trucks and construction equipment; aftermarket parts, service and body shop facilities; and a wide array of financial services.”