Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities research analysts at Northcoast Research lifted their FY2018 earnings estimates for shares of Ritchie Bros. Auctioneers in a research report issued to clients and investors on Wednesday. Northcoast Research analyst J. Healy now forecasts that the company will earn $1.26 per share for the year, up from their previous forecast of $1.25.

RBA has been the topic of a number of other research reports. Raymond James Financial decreased their price target on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 10th. Scotiabank reiterated an “outperform” rating and set a C$41.00 price target on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, September 12th. National Bank Financial upgraded shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$28.00 to C$39.00 in a research note on Monday, November 20th. Finally, TD Securities decreased their price target on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and an average target price of C$38.33.

Ritchie Bros. Auctioneers (TSE RBA) traded up C$0.13 during trading hours on Friday, hitting C$39.13. 128,780 shares of the stock were exchanged, compared to its average volume of 134,266. The company has a market capitalization of $4,180.00, a price-to-earnings ratio of 50.82 and a beta of 0.26. Ritchie Bros. Auctioneers has a 12 month low of C$30.63 and a 12 month high of C$46.32.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th were issued a $0.219 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.24%. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, November 28th. Ritchie Bros. Auctioneers’s payout ratio is currently 88.31%.

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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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