Ritchie Bros. Auctioneers Given Average Rating of “Hold” by Brokerages (NYSE:RBA)
Ritchie Bros. Auctioneers (NYSE:RBA) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, AnalystRatings.NET reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.52.
Shares of Ritchie Bros. Auctioneers (NYSE:RBA) opened at 24.95 on Friday. Ritchie Bros. Auctioneers has a 52 week low of $18.08 and a 52 week high of $25.73. The stock has a 50-day moving average of $24.46 and a 200-day moving average of $23.53. The company has a market cap of $2.674 billion and a P/E ratio of 28.31.
Ritchie Bros. Auctioneers (NYSE:RBA) last released its earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that Ritchie Bros. Auctioneers will post $0.90 EPS for the current fiscal year.
A number of analysts have recently weighed in on RBA shares. Analysts at Raymond James upgraded shares of Ritchie Bros. Auctioneers in a research note on Monday. They now have a $26.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Ritchie Bros. Auctioneers from $24.00 to $25.00 in a research note on Wednesday, July 16th. Finally, analysts at Canaccord Genuity raised their price target on shares of Ritchie Bros. Auctioneers from $25.00 to $27.50 in a research note on Tuesday, June 17th.
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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