Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) had its target price reduced by analysts at National Bank Financial from $30.00 to $28.00 in a research note issued on Monday. The firm presently has a “sector perform” rating on the business services provider’s stock. National Bank Financial’s price objective would suggest a potential upside of 10.41% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Ritchie Bros. Auctioneers in a report on Monday. Raymond James Financial, Inc. reduced their price objective on Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating for the company in a report on Monday. Scotiabank increased their price objective on Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. TD Securities reduced their price objective on Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a “reduce” rating for the company in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $26.00 price objective (down from $29.00) on shares of Ritchie Bros. Auctioneers in a report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.06.

Ritchie Bros. Auctioneers (RBA) traded down $2.84 during mid-day trading on Monday, hitting $25.36. The stock had a trading volume of 3,169,400 shares, compared to its average volume of 645,818. The company has a market capitalization of $2,718.21, a price-to-earnings ratio of 30.19, a PEG ratio of 2.93 and a beta of 0.66. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.11. Ritchie Bros. Auctioneers has a 52 week low of $25.01 and a 52 week high of $39.96.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released 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 business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. equities research analysts anticipate that Ritchie Bros. Auctioneers will post 0.91 earnings per share for the current year.

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In related news, CFO Sharon Ruth Driscoll bought 1,375 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $40,933.75. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $29,770. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Several large investors have recently bought and sold shares of RBA. Lloyds Banking Group plc raised its position in shares of Ritchie Bros. Auctioneers by 59.1% in the second quarter. Lloyds Banking Group plc now owns 4,456 shares of the business services provider’s stock worth $128,000 after buying an additional 1,656 shares in the last quarter. First Bank & Trust raised its position in shares of Ritchie Bros. Auctioneers by 3.8% in the second quarter. First Bank & Trust now owns 5,387 shares of the business services provider’s stock worth $155,000 after buying an additional 196 shares in the last quarter. Forward Management LLC raised its position in shares of Ritchie Bros. Auctioneers by 11.0% in the second quarter. Forward Management LLC now owns 6,137 shares of the business services provider’s stock worth $176,000 after buying an additional 609 shares in the last quarter. ETRADE Capital Management LLC purchased a new stake in shares of Ritchie Bros. Auctioneers in the third quarter worth $218,000. Finally, Stephens Inc. AR raised its position in shares of Ritchie Bros. Auctioneers by 8.4% in the second 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 in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

About Ritchie Bros. Auctioneers

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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