KeyCorp Analysts Raise Earnings Estimates for Ritchie Bros. Auctioneers Inc (RBA)
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – KeyCorp upped their Q2 2018 earnings estimates for Ritchie Bros. Auctioneers in a research note issued to investors on Wednesday. KeyCorp analyst J. Box now anticipates that the company will earn $0.51 per share for the quarter, up from their previous forecast of $0.47.
RBA has been the topic of a number of other research reports. Raymond James Financial, Inc. reduced their price objective 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. CIBC downgraded Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$36.00 to C$28.00 in a research report on Monday, July 10th. Scotiabank reduced 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. Northcoast Research reiterated a “neutral” rating on shares of Ritchie Bros. Auctioneers in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reduced their target price on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$39.50.
Ritchie Bros. Auctioneers (TSE RBA) opened at 34.36 on Monday. Ritchie Bros. Auctioneers has a 12 month low of $34.03 and a 12 month high of $52.88. The company has a market cap of $3.68 billion and a P/E ratio of 74.37. The firm has a 50-day moving average price of $35.98 and a 200 day moving average price of $40.77.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.17 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.98%.
About Ritchie Bros. Auctioneers
Ritchie Bros. Auctioneers Incorporated, together with its subsidiaries, sells industrial equipment and other assets for the construction, agriculture, transportation, energy, mining, forestry, material handling, marine, and real estate industries through its unreserved auctions and online marketplaces.
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