News stories about Rush Enterprises (NASDAQ:RUSHA) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rush Enterprises earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.9542429569913 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several research firms have issued reports on RUSHA. Stifel Nicolaus lifted their price objective on Rush Enterprises from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, October 30th. BMO Capital Markets restated a “market perform” rating and set a $50.00 price objective (up from $42.00) on shares of Rush Enterprises in a report on Monday, October 30th. They noted that the move was a valuation call. ValuEngine downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Wednesday, October 18th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.00.
Rush Enterprises (NASDAQ RUSHA) opened at $53.57 on Friday. The company has a market capitalization of $2,140.00, a P/E ratio of 27.76, a PEG ratio of 1.33 and a beta of 1.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.29. Rush Enterprises has a 12-month low of $30.74 and a 12-month high of $54.35.
Rush Enterprises declared that its Board of Directors has approved a stock repurchase program on Thursday, November 30th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other news, SVP James E. Thor sold 24,200 shares of Rush Enterprises stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.70, for a total value of $1,178,540.00. Following the completion of the transaction, the senior vice president now owns 39,032 shares in the company, valued at approximately $1,900,858.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $52.13, for a total value of $1,393,539.16. Following the transaction, the executive vice president now owns 14,733 shares of the company’s stock, valued at approximately $768,031.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,982 shares of company stock valued at $3,747,332. Insiders own 11.19% of the company’s stock.
About Rush Enterprises
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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