Today Credit Suisse Reconfirms a “Neutral” Rating on Rush Enterprises (NASDAQ:RUSHA) and a $45 Target Price

April 26, 2018 - By Marguerite Chambers

Rush Enterprises, Inc. (NASDAQ:RUSHA) Logo

Rush Enterprises (NASDAQ:RUSHA) Rating Reaffirmed

In an analyst report sent to clients and investors on 25 April, The “Neutral” rating of Rush Enterprises (NASDAQ:RUSHA) shares was kept by Analysts at Credit Suisse, who now has a $45 target price on the stock. Credit Suisseā€™s target price suggests a possible upside of 7.99 % from the last close price of the company.

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

Among 6 analysts covering Rush Enterprises A (NASDAQ:RUSHA), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Rush Enterprises A has $62.0 highest and $45 lowest target. $49’s average target is 17.59% above currents $41.67 stock price. Rush Enterprises A had 14 analyst reports since October 27, 2017 according to SRatingsIntel. BMO Capital Markets maintained the shares of RUSHA in report on Tuesday, February 20 with “Market Perform” rating. The stock of Rush Enterprises, Inc. (NASDAQ:RUSHA) has “Buy” rating given on Wednesday, April 25 by Stifel Nicolaus. The firm earned “Hold” rating on Friday, October 27 by BMO Capital Markets. The rating was maintained by BMO Capital Markets on Monday, October 30 with “Outperform”. The firm has “Overweight” rating by Stephens given on Friday, February 9. The rating was maintained by Stifel Nicolaus on Friday, December 22 with “Hold”. The company was maintained on Monday, October 30 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, February 5. The rating was maintained by BMO Capital Markets with “Hold” on Friday, February 16. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, February 20 report.

The stock decreased 3.56% or $1.54 during the last trading session, reaching $41.67. About 214,872 shares traded. Rush Enterprises, Inc. (NASDAQ:RUSHA) has risen 29.86% since April 26, 2017 and is uptrending. It has outperformed by 18.31% the S&P500.

Rush Enterprises, Inc., through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company has market cap of $1.61 billion. The firm operates a network of commercial vehicle dealerships under the Rush Truck Centers name. It has a 9.92 P/E ratio. The Company’s Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

Rush Enterprises, Inc. (NASDAQ:RUSHA) Institutional Positions Chart

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