Ritchie Bros. Auctioneers (TSE:RBA) Stock Rating Reaffirmed by Barrington Research

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA)‘s stock had its “market perform” rating reissued by stock analysts at Barrington Research in a research note issued on Wednesday, Price Targets.com reports.

A number of other equities research analysts have also issued reports on the stock. William Blair lowered shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “market perform” rating in a research note on Monday, August 9th. TD Securities lowered shares of Ritchie Bros. Auctioneers to a “sell” rating and set a C$68.00 target price for the company. in a research note on Monday, November 8th. Royal Bank of Canada lifted their target price on shares of Ritchie Bros. Auctioneers from C$65.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Monday, November 8th. Finally, Raymond James lifted their target price on shares of Ritchie Bros. Auctioneers to C$80.00 and gave the company a “market perfom” rating in a research note on Tuesday, September 28th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$75.00.

Ritchie Bros. Auctioneers stock opened at C$89.00 on Wednesday. The company has a 50 day moving average price of C$83.23 and a 200 day moving average price of C$78.06. Ritchie Bros. Auctioneers has a 52 week low of C$64.17 and a 52 week high of C$94.96. The company has a debt-to-equity ratio of 75.52, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a market capitalization of C$9.84 billion and a price-to-earnings ratio of 46.48.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last issued its earnings results on Thursday, November 4th. The company reported C$0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.12. The company had revenue of C$415.13 million for the quarter, compared to analyst estimates of C$410.38 million. Equities analysts forecast that Ritchie Bros. Auctioneers will post 2.5166786 earnings per share for the current fiscal year.

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. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and 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 (TSE:RBA)

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