Ritchie Bros. Auctioneers Incorporated (TSE: RBA) Receives Analyst Consensus Rating “Conserve”
Ritchie Bros. Auctioneers Incorporated (TSE: RBA) (NYSE: RBA) received an average recommendation of “Hold” from the six rating companies that hedge the stock, reports MarketBeat.com. One analyst rated the stock with a sell recommendation and four gave the company a keep recommendation. The 12-month average target price among brokers who updated their equity coverage in the past year is C $ 75.00.
Several brokerages have published reports on the RBA. TD Securities has brought back Ritchie Bros. Auctioneers are listed as “sell” and have set a target price of C $ 68.00 for the stock. in a research report on Monday, November 8. Barrington Research has reissued a “market performance” rating on Ritchie Bros. shares. Auctioneers in a research report on Wednesday, November 24. Raymond James raised his price target on Ritchie Bros. Auctioneers at C $ 80.00 and assigned the stock a “market performance” rating in a research report on Tuesday, September 28. Finally, the Royal Bank of Canada raised its price target on Ritchie Bros. Auctioneers range from C $ 65.00 to C $ 72.00 and assigned the stock a “sector performance” rating in a research report on Monday, November 8.
RBA opened for C $ 80.72 on Friday. The stock’s fifty-day moving average is C $ 85.29 and its two-hundred-day moving average is C $ 79.05. The company has a market capitalization of 8.92 billion Canadian dollars and a P / E ratio of 41.06. Ritchie Bros. Auctioneers have a 52 week low at CA $ 64.17 and a 52 week high at CA $ 94.96. The company has a quick ratio of 0.91, a current ratio of 1.21, and a debt ratio of 75.52.
Ritchie Bros. Auctioneers (TSE: RBA) (NYSE: RBA) last released its quarterly earnings data on Thursday, November 4. The company reported EPS of C $ 0.55 for the quarter, beating the consensus estimate of C $ 0.43 by C $ 0.12. The company reported sales of C $ 415.13 million for the quarter, compared to analysts’ expectations of C $ 410.38 million. Stock analysts predict that Ritchie Bros. Auctioneers will post earnings per share of 2.5199997 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15. Shareholders of record on Wednesday, November 24 received a dividend of $ 0.31 per share. The ex-dividend date of this dividend was Tuesday, November 23. This represents a dividend of $ 1.24 on an annualized basis and a dividend yield of 1.54%. The payout ratio of Ritchie Bros. Auctioneers is currently 46.29%.
Ritchie Bros. Company Profile Auctioneers
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its full on-site live auctions, online marketplaces, listing services and of its private brokerage services. It sells a range of used and unused business assets, including earthmoving equipment, tractor trucks and trailers, government surpluses, oil and gas equipment and other industrial assets, as well as heavy machinery and equipment. construction.
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