Ritchie Bros. Auctioneers Receives Consensus Rating of “Hold” from Brokerages (NYSE:RBA)
Shares of Ritchie Bros. Auctioneers (NYSE:RBA) have been given a consensus rating of “Hold” by the eleven analysts that are covering the stock, AnalystRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $23.94.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Ritchie Bros. Auctioneers from $22.00 to $24.00 in a research note on Wednesday, August 6th. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, August 6th. They now have a $27.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of Ritchie Bros. Auctioneers in a research note on Monday, July 21st. They now have a $26.00 price target on the stock.
Ritchie Bros. Auctioneers (NYSE:RBA) opened at 23.9899 on Thursday. 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 $24.46 and its 200-day moving average is $23.78. The company has a market cap of $2.575 billion and a P/E ratio of 25.03.
Ritchie Bros. Auctioneers (NYSE:RBA) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $141.84 million for the quarter, compared to the consensus estimate of $140.92 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Ritchie Bros. Auctioneers will post $0.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 22nd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, August 20th.
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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