Ritchie Bros. Auctioneers Sets New 1-Year Low at $18.28 (RBA)
Ritchie Bros. Auctioneers (NYSE:RBA) set a new 52-week low during trading hours on Wednesday, American Banking and Market News reports. The company traded as low as $18.28 and last traded at $18.43, with a volume of 1,653,503 shares. The stock had previously closed at $19.23.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Ritchie Bros. Auctioneers in a research note to investors on Wednesday. They now have a $18.00 price target on the stock, down previously from $20.00. Separately, analysts at Zacks upgraded shares of Ritchie Bros. Auctioneers from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $19.70 price target on the stock. Finally, analysts at Longbow Research initiated coverage on shares of Ritchie Bros. Auctioneers in a research note to investors on Friday, September 6th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.42.
Ritchie Bros. Auctioneers has a 1-year low of $18.35 and a 1-year high of $23.57. The stock’s 50-day moving average is $19.58 and its 200-day moving average is $19.83. The company has a market cap of $1.942 billion and a price-to-earnings ratio of 27.87.
Ritchie Bros. Auctioneers (NYSE:RBA) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $128.32 million for the quarter, compared to the consensus estimate of $125.20 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts predict that Ritchie Bros. Auctioneers will post $0.75 earnings per share for the current fiscal year.
Ritchie Bros. Auctioneers Incorporated and its subsidiaries sells industrial equipment and other assets for the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries at its unreserved auctions worldwide.
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