Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Investment analysts at KeyCorp reduced their Q3 2017 EPS estimates for Ritchie Bros. Auctioneers in a research report issued to clients and investors on Thursday. KeyCorp analyst J. Box now anticipates that the company will earn $0.19 per share for the quarter, down from their previous estimate of $0.23. KeyCorp also issued estimates for Ritchie Bros. Auctioneers’ Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $1.21 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.34 EPS.
RBA has been the topic of several other reports. National Bank Financial reissued a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research report on Thursday, June 29th. TD Securities decreased their price objective on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a research note on Tuesday. Raymond James Financial, Inc. decreased their target price on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a research note on Tuesday. Scotiabank reissued an “outperform” rating and set a C$41.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, September 12th. Finally, CIBC downgraded Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$36.00 to C$28.00 in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$37.90.
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Shares of Ritchie Bros. Auctioneers (TSE RBA) opened at 34.82 on Monday. The stock’s 50 day moving average price is $37.16 and its 200-day moving average price is $39.14. The company has a market capitalization of $3.73 billion and a PE ratio of 75.86. Ritchie Bros. Auctioneers has a 1-year low of $34.03 and a 1-year high of $52.88.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, August 23rd.
In other Ritchie Bros. Auctioneers news, insider Sharon Driscoll bought 1,375 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Thursday, September 7th. The shares were bought at an average cost of C$36.17 per share, with a total value of C$49,733.75.
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.
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