BMO Capital Maintains Rush Enterprises to Outperform with Price Target $25.00

Brokerage firm BMO Capital Maintains its rating on Rush Enterprises(NASDAQ:RUSHA). In a research note issued to the investors, the brokerage major Raises the price-target to $25.00 per share. The shares have been rated Outperform. The rating by BMO Capital was issued on Aug 1, 2016.

In a different note, On Jul 15, 2016, Stephens & Co. said it Downgrades its rating on Rush Enterprises. The shares have been rated ‘Equal-weight’ by the firm. On May 10, 2016, Bank of America said it Upgrades its rating on Rush Enterprises. The shares have been rated ‘Buy’ by the firm.

Rush Enterprises (RUSHA) made into the market gainers list on Mondays trading session with the shares advancing 1.19% or 0.28 points. Due to strong positive momentum, the stock ended at $23.82, which is also near the day’s high of $24.03. The stock began the session at $23.61 and the volume stood at 1,37,417 shares. The 52-week high of the shares is $27.45 and the 52 week low is $14.19. The company has a current market capitalization of $967 M and it has 4,05,87,304 shares in outstanding.

Rush Enterprises(RUSHA) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.03B. Analysts had an estimated revenue of $1.10B. Earnings per share were $0.27. Analysts had estimated an EPS of $0.27.

Rush Enterprises Inc. (Rush) is a retailer of commercial vehicles and related services. The Company operates a network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt International Hino among others. The Company 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 112 Rush Truck Centers in 20 states. Rush Truck Leasing provides maintenance on customers’ vehicles at several of our customers’ facilities. At its Rush Truck Centers it offers third-party financing to assist customers in purchasing new and used commercial vehicles. The Company sells as agent through its insurance agency a line of property and casualty insurance including collision and liability insurance on commercial vehicles cargo insurance and credit life insurance.

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