Ritchie Bros. Auctioneers Inc (RBA) Expected to Earn Q2 2017 Earnings of $0.37 Per Share
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Stock analysts at National Bank Financial dropped their Q2 2017 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a research note issued on Wednesday. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.37 per share for the quarter, down from their previous estimate of $0.41. National Bank Financial has a “Sector Perform Under Weight” rating on the stock. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ FY2017 earnings at $1.18 EPS and FY2018 earnings at $1.54 EPS.
Other analysts have also recently issued reports about the company. Raymond James Financial, Inc. dropped their price target on Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a “market perform” rating on the stock in a research report on Monday, May 15th. Barrington Research reissued a “market perform” rating on shares of Ritchie Bros. Auctioneers in a research report on Wednesday, May 10th. CIBC cut Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$36.00 to C$28.00 in a research report on Monday. Northcoast Research reaffirmed a “neutral” rating on shares of Ritchie Bros. Auctioneers in a research report on Friday, May 5th. Finally, Scotiabank lowered their price objective on Ritchie Bros. Auctioneers to C$53.50 and set an “outperform” rating on the stock in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and an average target price of C$39.50.
Shares of Ritchie Bros. Auctioneers (RBA) opened at 34.81 on Friday. The stock has a market capitalization of $3.72 billion and a P/E ratio of 51.19. Ritchie Bros. Auctioneers has a 12 month low of $34.28 and a 12 month high of $52.88. The company’s 50 day moving average price is $41.06 and its 200-day moving average price is $42.97.
Ritchie Bros. Auctioneers Company Profile
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.
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