Many Ritchie Bros. Auctioneers Incorporated(RBA) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Ritchie Bros. Auctioneers (USA) was Downgraded by BofA/Merrill to Underperform on Jan 13, 2017. Ritchie Bros. Auctioneers (USA) was Downgraded by Raymond James to Mkt Perform on Dec 27, 2016.
Company has reported several Insider transactions to the SEC, on Dec 7, 2016, Douglas William Olive (Sr. VP, Pricing & Appraisals) sold 5,400 shares at 37.75 per share price.On Sep 20, 2016, Jeroen Laurentius Johanus Rijk (Sr. VP, Managing Director, Eur) sold 6,600 shares at 34.00 per share price.On Mar 11, 2016, Robert Alastair Mcleod (Chief Bus. Dev. Officer) sold 10,088 shares at 24.54 per share price.
Ritchie Bros. Auctioneers (USA) Last issued its quarterly earnings results on Nov 9, 2016. The company reported $0.20 EPS for the quarter. Analyst had a consensus estimate of $0.20. The company had revenue of $128.88 million for the quarter, compared to analysts expectations of $121.91 million. The companys revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.3 by 10 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA): According to 6 Analysts, The short term target price has been estimated at $ 37.25.The target price could deviate by a maximum of $5.16 from the forecast price. In the near term, the target price could hit a high of $42 and a low of $ 30.
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) witnessed a decline in the market cap on Tuesday as its shares dropped 0.92% or 0.29 points. After the session commenced at $31.34, the stock reached the higher end at $31.44 while it hit a low of $30.62. With the volume soaring to 930,549 shares, the last trade was called at $31.07. The company has a 52-week high of $39.96. The company has a market cap of $3,315 million and there are 106,679,740 shares in outstanding. The 52-week low of the share price is $21.97.
Ritchie Bros. Auctioneers conduct unreserved public auctions every year at locations throughout North and Central America, Europe, Asia, Australia, Africa and the Middle East. The company is known for their innovative auction methods, attention to detail and their total commitment to the unreserved auction. The confidence this gives their customers has enabled Ritchie Bros. to become one of the largest industrial auctioneer in the world.