Ritchie Bros. Auctioneers Receives Consensus Rating of “Hold” from Brokerages (NYSE:RBA)
Shares of Ritchie Bros. Auctioneers (NYSE:RBA) have received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the company, AnalystRatingsNetwork reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.28.
Shares of Ritchie Bros. Auctioneers (NYSE:RBA) traded up 0.31% during mid-day trading on Friday, hitting $22.94. The stock had a trading volume of 40,953 shares. Ritchie Bros. Auctioneers has a one year low of $18.08 and a one year high of $23.89. The stock’s 50-day moving average is $22.97 and its 200-day moving average is $20.66. The company has a market cap of $2.451 billion and a P/E ratio of 29.70.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 7th. Shareholders of record on Friday, February 14th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, February 12th.
Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald upgraded shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Separately, analysts at Scotiabank initiated coverage on shares of Ritchie Bros. Auctioneers in a research note on Thursday, January 30th. They set an “outperform” rating on the stock.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.