Ritchie Bros. Auctioneers Reaches New 12-Month High at $23.49 (RBA)
Ritchie Bros. Auctioneers (NYSE:RBA)’s share price reached a new 52-week high during mid-day trading on Friday, StockRatingsNetwork reports. The stock traded as high as $23.49 and last traded at $23.32, with a volume of 453,070 shares traded. The stock had previously closed at $22.79.
A number of research firms have recently commented on RBA. Analysts at Credit Suisse downgraded shares of Ritchie Bros. Auctioneers from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 7th. They now have a $17.00 price target on the stock, down previously from $18.00. Separately, analysts at BMO Capital Markets upgraded shares of Ritchie Bros. Auctioneers from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, October 24th. They now have a $22.50 price target on the stock, up previously from $18.00. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.28.
Ritchie Bros. Auctioneers has a one year low of $18.08 and a one year high of $23.21. The stock’s 50-day moving average is $21.45 and its 200-day moving average is $19.91. The company has a market cap of $2.493 billion and a P/E ratio of 29.60.
Ritchie Bros. Auctioneers (NYSE:RBA) last released its earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $93.40 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts predict that Ritchie Bros. Auctioneers will post $0.82 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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