Breaking: Today Rush Enterprises, Inc. Stock Reaches 52-Week High

Breaking: Today Rush Enterprises, Inc. Stock Reaches 52 Week High

The stock of Rush Enterprises, Inc. (NASDAQ:RUSHA) hit a new 52-week high and has $31.21 target or 6.00% above today’s $29.44 share price. The 7 months bullish chart indicates low risk for the $1.18B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $31.21 price target is reached, the company will be worth $70.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 222,040 shares traded hands or 10.25% up from the average. Rush Enterprises, Inc. (NASDAQ:RUSHA) has risen 58.06% since April 20, 2016 and is uptrending. It has outperformed by 53.51% the S&P500.

Rush Enterprises, Inc. (NASDAQ:RUSHA) Ratings Coverage

Out of 10 analysts covering Rush Enterprises (NASDAQ:RUSHA), 2 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 20% are positive. Rush Enterprises has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by CL King on Thursday, February 11 to “Neutral”. The firm has “Hold” rating by BB&T Capital given on Thursday, December 17. The rating was downgraded by RBC Capital Markets on Thursday, January 7 to “Sector Perform”. As per Tuesday, October 11, the company rating was initiated by Stifel Nicolaus. The stock has “Neutral” rating given by Longbow on Wednesday, January 6. As per Thursday, February 11, the company rating was downgraded by Raymond James. The rating was upgraded by Bank of America on Tuesday, May 10 to “Buy”. RBC Capital Markets maintained it with “Sector Perform” rating and $17 target price in Thursday, February 11 report. The firm has “Equal-Weight” rating by Stephens given on Friday, July 15.

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.”

More recent Rush Enterprises, Inc. (NASDAQ:RUSHA) news were published by: Equitiesfocus.com which released: “Rush Enterprises, Inc. (NASDAQ:RUSHA) 200-Day MA At $23.02” on November 22, 2016. Also Globenewswire.com published the news titled: “Rush Enterprises, Inc. Names Michael J. McRoberts as Chief Operating Officer” on July 08, 2016. Globenewswire.com‘s news article titled: “Rush Enterprises, Inc. Reports Dealership Network Consolidation” with publication date: April 06, 2016 was also an interesting one.

RUSHA Company Profile

Rush Enterprises, Inc. (Rush), incorporated on March 3, 1965, is a retailer of commercial vehicles and related services. The Firm operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. The Company, through its Rush Truck Centers, 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. It operates over 100 Rush Truck Centers in approximately 20 states. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus or Blue Bird.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment