Stock Worth Mentioning: Could Rush Enterprises, Inc. Lose its Strength? The Stock Reaches 52-Week High

Stock Worth Mentioning: Could Rush Enterprises, Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of Rush Enterprises, Inc. (NASDAQ:RUSHA) hit a new 52-week high and has $32.61 target or 4.00% above today’s $31.36 share price. The 5 months bullish chart indicates low risk for the $1.24 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $32.61 price target is reached, the company will be worth $49.60 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. The stock increased 3.67% or $1.11 during the last trading session, hitting $31.36. About 232,694 shares traded hands or 4.44% up from the average. Rush Enterprises, Inc. (NASDAQ:RUSHA) has risen 52.32% since April 28, 2016 and is uptrending. It has outperformed by 46.39% the S&P500.

Analysts await Rush Enterprises, Inc. (NASDAQ:RUSHA) to report earnings on February, 14. They expect $0.30 earnings per share, down 9.09% or $0.03 from last year’s $0.33 per share. RUSHA’s profit will be $11.86M for 26.13 P/E if the $0.30 EPS becomes a reality. After $0.37 actual earnings per share reported by Rush Enterprises, Inc. for the previous quarter, Wall Street now forecasts -18.92% negative EPS growth.

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. On Thursday, December 17 the stock rating was downgraded by BB&T Capital to “Hold”. The company was downgraded on Thursday, January 7 by RBC Capital Markets. CL King downgraded the shares of RUSHA in a report on Thursday, February 11 to “Neutral” rating. The firm earned “Neutral” rating on Wednesday, January 6 by Longbow. The firm has “Market Perform” rating given on Thursday, February 11 by Raymond James. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, February 11 report. The firm has “Equal-Weight” rating given on Friday, July 15 by Stephens. On Tuesday, May 10 the stock rating was upgraded by Bank of America to “Buy”. Stifel Nicolaus initiated Rush Enterprises, Inc. (NASDAQ:RUSHA) rating on Tuesday, October 11. Stifel Nicolaus has “Hold” rating and $22 price target.

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.”

Another recent and important Rush Enterprises, Inc. (NASDAQ:RUSHA) news was published by Globenewswire.com which published an article titled: “Rush Enterprises, Inc. Names Michael J. McRoberts as Chief Operating Officer” on July 08, 2016.

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.

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