Ritchie Bros. Auctioneers Given Consensus Rating of “Hold” by Brokerages (NYSE:RBA)
Ritchie Bros. Auctioneers (NYSE:RBA) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, American Banking & Market News reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $23.94.
A number of analysts have recently weighed in on RBA shares. 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.
Shares of Ritchie Bros. Auctioneers (NYSE:RBA) opened at 23.75 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 $24.39 and its 200-day moving average is $23.79. The company has a market cap of $2.549 billion and a P/E ratio of 24.89.
Ritchie Bros. Auctioneers (NYSE:RBA) last released its earnings data 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. On average, analysts predict that Ritchie Bros. Auctioneers will post $0.92 earnings per share 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 2.36%. 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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