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Shares of Ritchie Bros. Auctioneers (NYSE:RBA) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, Analyst Ratings.Net reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.03.

Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Ritchie Bros. Auctioneers in a research note on Monday. They now have a $26.00 price target on the stock, up previously from $24.00. Separately, analysts at TD Securities raised their price target on shares of Ritchie Bros. Auctioneers from $18.00 to $19.00 in a research note on Tuesday, May 6th. Finally, analysts at Raymond James raised their price target on shares of Ritchie Bros. Auctioneers from $21.00 to $23.00 in a research note on Tuesday, May 6th. They now have a “market perform” rating on the stock.

Shares of Ritchie Bros. Auctioneers (NYSE:RBA) traded up 1.29% during mid-day trading on Tuesday, hitting $24.3799. 92,978 shares of the company’s stock traded hands. Ritchie Bros. Auctioneers has a 52-week low of $18.08 and a 52-week high of $25.73. The stock’s 50-day moving average is $23.32 and its 200-day moving average is $22.87. The company has a market cap of $2.613 billion and a P/E ratio of 27.35.

Ritchie Bros. Auctioneers (NYSE:RBA) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.13. The company had revenue of $98.60 million for the quarter, compared to the consensus estimate of $101.56 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that Ritchie Bros. Auctioneers will post $0.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, May 21st.

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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