Ritchie Bros. Auctioneers (NYSE:RBA) Rating Reiterated by Barrington Research

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA)‘s stock had its “hold” rating reaffirmed by research analysts at Barrington Research in a report issued on Friday, AnalystRatings.com reports.

Several other analysts also recently commented on the stock. National Bank Financial increased their target price on shares of Ritchie Bros. Auctioneers from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. OTR Global upgraded shares of Ritchie Bros. Auctioneers to a “positive” rating in a report on Friday, October 25th. Zacks Investment Research downgraded shares of Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Robert W. Baird raised their price objective on shares of Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada raised their price objective on shares of Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $36.25.

Shares of RBA stock traded down $0.38 on Friday, hitting $41.28. The stock had a trading volume of 1,072,627 shares, compared to its average volume of 346,689. The business has a 50 day moving average of $39.84 and a 200 day moving average of $36.72. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 4.67 and a beta of 0.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.24 and a quick ratio of 1.12. Ritchie Bros. Auctioneers has a 12-month low of $30.76 and a 12-month high of $42.97.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.55 million. Ritchie Bros. Auctioneers had a net margin of 10.08% and a return on equity of 15.27%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. As a group, research analysts expect that Ritchie Bros. Auctioneers will post 1.27 earnings per share for the current fiscal year.

In related news, insider Darren Jeffrey Watt sold 2,279 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $39.33, for a total transaction of $89,633.07. Following the completion of the sale, the insider now owns 5,626 shares in the company, valued at $221,270.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd Donald Wohler sold 2,428 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $39.80, for a total transaction of $96,634.40. Following the transaction, the insider now owns 9,491 shares of the company’s stock, valued at approximately $377,741.80. The disclosure for this sale can be found here. Insiders have sold 8,709 shares of company stock valued at $344,944 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of RBA. Quest Capital Management Inc. ADV bought a new position in Ritchie Bros. Auctioneers during the third quarter worth about $39,000. Arcadia Investment Management Corp MI boosted its position in Ritchie Bros. Auctioneers by 233.3% during the second quarter. Arcadia Investment Management Corp MI now owns 3,000 shares of the business services provider’s stock worth $100,000 after purchasing an additional 2,100 shares during the period. NEXT Financial Group Inc boosted its position in Ritchie Bros. Auctioneers by 9.4% during the second quarter. NEXT Financial Group Inc now owns 3,557 shares of the business services provider’s stock worth $118,000 after purchasing an additional 307 shares during the period. Tower Research Capital LLC TRC boosted its position in Ritchie Bros. Auctioneers by 101.5% during the third quarter. Tower Research Capital LLC TRC now owns 3,840 shares of the business services provider’s stock worth $153,000 after purchasing an additional 1,934 shares during the period. Finally, Hengehold Capital Management LLC bought a new position in Ritchie Bros. Auctioneers during the third quarter worth about $212,000. Hedge funds and other institutional investors own 89.73% of the company’s stock.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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Analyst Recommendations for Ritchie Bros. Auctioneers (NYSE:RBA)

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