Ritchie Bros. Auctioneers (RBA) Stock Rating Reaffirmed by Jefferies Group

Jefferies Group reiterated their hold rating on shares of Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) in a research report report published on Thursday morning. Jefferies Group currently has a $30.00 price target on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. Oppenheimer reaffirmed a hold rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, November 13th. Raymond James Financial reduced their target price on shares of Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a market perform rating on the stock in a research note on Monday, November 13th. National Bank Financial raised their target price on shares of Ritchie Bros. Auctioneers from $30.50 to $35.00 and gave the company an outperform rating in a research note on Wednesday, January 10th. Scotiabank set a $34.00 target price on shares of Ritchie Bros. Auctioneers and gave the company an outperform rating in a research note on Friday, October 20th. Finally, TD Securities raised their target price on shares of Ritchie Bros. Auctioneers from $22.00 to $25.00 and gave the company a reduce rating in a research note on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $30.44.

Shares of Ritchie Bros. Auctioneers (RBA) traded down $0.22 during midday trading on Thursday, hitting $31.41. 735,739 shares of the stock traded hands, compared to its average volume of 411,105. The company has a market cap of $3,366.68, a price-to-earnings ratio of 37.39, a PEG ratio of 3.38 and a beta of 0.63. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. Ritchie Bros. Auctioneers has a one year low of $24.08 and a one year high of $35.21.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its earnings results on Thursday, November 9th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The business had revenue of $141.05 million during the quarter, compared to the consensus estimate of $139.96 million. Ritchie Bros. Auctioneers had a net margin of 11.43% and a return on equity of 13.04%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. equities research analysts expect that Ritchie Bros. Auctioneers will post 0.86 EPS for the current year.

In related news, insider Karl William Werner sold 5,400 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $28.68, for a total transaction of $154,872.00. Following the transaction, the insider now owns 5,400 shares of the company’s stock, valued at approximately $154,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new position in Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $127,000. ETRADE Capital Management LLC acquired a new stake in Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $218,000. Tower Research Capital LLC TRC raised its holdings in Ritchie Bros. Auctioneers by 338.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,108 shares of the business services provider’s stock worth $303,000 after buying an additional 6,257 shares during the period. Stephens Inc. AR raised its holdings in Ritchie Bros. Auctioneers by 8.4% during the 2nd quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock worth $238,000 after buying an additional 642 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $287,000. 96.61% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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