National Bank Financial upgraded shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) from a sector perform rating to an outperform rating in a research note published on Monday. National Bank Financial currently has $30.50 price objective on the business services provider’s stock, up from their prior price objective of $28.00.

Other equities analysts also recently issued research reports about the stock. Scotiabank raised their target price on shares of Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the company an outperform rating in a research note on Wednesday, August 9th. TD Securities decreased their target price on shares of Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a reduce rating for the company in a research note on Wednesday, August 9th. Jefferies Group LLC reaffirmed a hold rating and set a $26.00 target price (down previously from $29.00) on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, October 10th. Raymond James Financial, Inc. decreased their target price on shares of Ritchie Bros. Auctioneers from $29.50 to $29.00 and set a market perform rating for the company in a research note on Tuesday, October 10th. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, November 13th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $29.45.

Shares of Ritchie Bros. Auctioneers (NYSE RBA) opened at $25.57 on Monday. 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 1-year low of $24.08 and a 1-year high of $39.96. The company has a market cap of $2,797.53, a PE ratio of 31.07, a price-to-earnings-growth ratio of 3.24 and a beta of 0.66.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The company had revenue of $141.05 million during the quarter, compared to analysts’ expectations of $139.96 million. During the same quarter last year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. equities analysts anticipate that Ritchie Bros. Auctioneers will post 0.85 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/ritchie-bros-auctioneers-incorporated-rba-lifted-to-outperform-at-national-bank-financial/1721398.html.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 111.48%.

In other news, CFO Sharon Ruth Driscoll purchased 1,375 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Thursday, September 7th. The stock was bought at an average price of $29.77 per share, with a total value of $40,933.75. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $29,770. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Zions Bancorporation bought a new stake in Ritchie Bros. Auctioneers in the 3rd quarter worth approximately $127,000. Lloyds Banking Group plc grew its position in Ritchie Bros. Auctioneers by 59.1% in the 2nd quarter. Lloyds Banking Group plc now owns 4,456 shares of the business services provider’s stock worth $128,000 after purchasing an additional 1,656 shares during the period. First Bank & Trust grew its position in Ritchie Bros. Auctioneers by 3.8% in the 2nd quarter. First Bank & Trust now owns 5,387 shares of the business services provider’s stock worth $155,000 after purchasing an additional 196 shares during the period. Forward Management LLC grew its position in Ritchie Bros. Auctioneers by 11.0% in the 2nd quarter. Forward Management LLC now owns 6,137 shares of the business services provider’s stock worth $176,000 after purchasing an additional 609 shares during the period. Finally, ETRADE Capital Management LLC bought a new stake in Ritchie Bros. Auctioneers in the 3rd quarter worth approximately $218,000. 96.87% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Ritchie Bros. Auctioneers Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.