NYSE:RBARitchie Bros. Auctioneers Stock Price, Forecast & News

$43.63

+0.36 (+0.83 %)

(As of 06/1/2020 04:00 PM ET)

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Today's Range

$43.08

Now: $43.63▼

$43.76

50-Day Range

$38.56

MA: $41.65▼

$44.31

52-Week Range

$25.92

Now: $43.63▼

$45.16

Volume949,420 shs

Average Volume761,478 shs

Market Capitalization$4.72 billion

P/E Ratio31.16

Dividend Yield1.85%

Beta0.93

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. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. It also offers live auction events with online bidding. The company sells used equipment to its customers through live, unreserved auctions at 40 auction sites worldwide. It serves construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. The company operates in the United States, Canada, Australia, the United Arab Emirates, the Netherlands, and internationally. Ritchie Bros. Auctioneers Incorporated was founded in 1958 and is headquartered in Burnaby, Canada.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Ritchie Bros. Auctioneers has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.44, Ritchie Bros. Auctioneers has a potential downside of 2.7% from its current price of $43.63.
Amount of Analyst Coverage
Ritchie Bros. Auctioneers has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.8 Community Rank

Outperform Votes
Ritchie Bros. Auctioneers has received 373 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ritchie Bros. Auctioneers has received 666 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ritchie Bros. Auctioneers has received 64.10% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Ritchie Bros. Auctioneers and other stocks. Vote “Outperform” if you believe RBA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RBA will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Ritchie Bros. Auctioneers is a leading dividend payer. It pays a dividend yield of 1.85%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ritchie Bros. Auctioneers has been increasing its dividend for 17 years.
Dividend Coverage
The dividend payout ratio of Ritchie Bros. Auctioneers is 60.15 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ritchie Bros. Auctioneers will have a dividend payout ratio of 51.28 % next year. This indicates that Ritchie Bros. Auctioneers will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ritchie Bros. Auctioneers insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,015,533.00 in company stock.
Percentage Held by Insiders
Only 0.83% of the stock of Ritchie Bros. Auctioneers is held by insiders.
Percentage Held by Institutions
89.84% of the stock of Ritchie Bros. Auctioneers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Ritchie Bros. Auctioneers are expected to grow by 27.87% in the coming year, from $1.22 to $1.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ritchie Bros. Auctioneers is 31.16, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ritchie Bros. Auctioneers is 31.16, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 17.43.
Price to Earnings Growth Ratio
Ritchie Bros. Auctioneers has a PEG Ratio of 5.05. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ritchie Bros. Auctioneers has a P/B Ratio of 5.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.26 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Business services, not elsewhere classified

Sub-IndustryN/A

SectorBusiness Services

Current SymbolNYSE:RBA

Previous Symbol

CUSIPN/A

CIK1046102

Webwww.rbauction.com

Phone778-331-5500

Debt

Debt-to-Equity Ratio0.73

Current Ratio1.21

Quick Ratio1.11

Price-To-Earnings

Trailing P/E Ratio31.16

Forward P/E Ratio35.76

P/E Growth5.05

Sales & Book Value

Annual Sales$1.32 billion

Price / Sales3.58

Cash Flow$2.11 per share

Price / Cash Flow20.71

Book Value$8.30 per share

Price / Book5.26

Profitability

EPS (Most Recent Fiscal Year)$1.33

Net Income$149.04 million

Net Margins11.93%

Return on Equity17.51%

Return on Assets6.54%

Miscellaneous

Employees2,400

Outstanding Shares108,190,000

Market Cap$4.72 billion

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Ritchie Bros. Auctioneers (NYSE:RBA) Frequently Asked Questions

How has Ritchie Bros. Auctioneers' stock been impacted by COVID-19 (Coronavirus)?

Ritchie Bros. Auctioneers' stock was trading at $37.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RBA stock has increased by 17.2% and is now trading at $43.63. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ritchie Bros. Auctioneers?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ritchie Bros. Auctioneers.

When is Ritchie Bros. Auctioneers' next earnings date?

Ritchie Bros. Auctioneers is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Ritchie Bros. Auctioneers.

How were Ritchie Bros. Auctioneers' earnings last quarter?

Ritchie Bros. Auctioneers Inc (NYSE:RBA) issued its quarterly earnings data on Thursday, May, 7th. The business services provider reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The business services provider had revenue of $273.30 million for the quarter, compared to analyst estimates of $302.20 million. Ritchie Bros. Auctioneers had a net margin of 11.93% and a return on equity of 17.51%. The company's revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS. View Ritchie Bros. Auctioneers' earnings history.

How often does Ritchie Bros. Auctioneers pay dividends? What is the dividend yield for Ritchie Bros. Auctioneers?

Ritchie Bros. Auctioneers declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.20 per share on Wednesday, June 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, May 26th. View Ritchie Bros. Auctioneers' dividend history.

What price target have analysts set for RBA?

11 brokers have issued 1-year target prices for Ritchie Bros. Auctioneers' shares. Their forecasts range from $36.00 to $50.00. On average, they expect Ritchie Bros. Auctioneers' stock price to reach $42.44 in the next year. This suggests that the stock has a possible downside of 2.7%. View analysts' price targets for Ritchie Bros. Auctioneers.

Has Ritchie Bros. Auctioneers been receiving favorable news coverage?

Media coverage about RBA stock has trended very positive recently, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ritchie Bros. Auctioneers earned a news impact score of 3.5 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutRitchie Bros. Auctioneers.

Are investors shorting Ritchie Bros. Auctioneers?

Ritchie Bros. Auctioneers saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,540,000 shares, an increase of 17.6% from the April 30th total of 1,310,000 shares. Based on an average daily volume of 652,300 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.4% of the company's stock are short sold. View Ritchie Bros. Auctioneers' Current Options Chain.

Who are some of Ritchie Bros. Auctioneers' key competitors?

Some companies that are related to Ritchie Bros. Auctioneers include Akamai Technologies (AKAM), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Broadridge Financial Solutions (BR), Zillow Group (Z), Zillow Group (ZG), Fair Isaac (FICO), Etsy (ETSY), LYFT (LYFT), The Western Union (WU), WEX (WEX), GrubHub (GRUB), Nielsen (NLSN), CDK Global (CDK) and Farfetch (FTCH). View all competitors.

What other stocks do shareholders of Ritchie Bros. Auctioneers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ritchie Bros. Auctioneers investors own include Ship Finance International (SFL), Verizon Communications (VZ), Gilead Sciences (GILD), QUALCOMM (QCOM), Alibaba Group (BABA), Walt Disney (DIS), Home Depot (HD), NVIDIA (NVDA), Moody's (MCO) and Target (TGT).

Who are Ritchie Bros. Auctioneers' key executives?

Ritchie Bros. Auctioneers' management team includes the following people:

Mr. Ravichandra K. Saligram, CEO & Non-Independent Director (Age 62)
Ms. Sharon R. Driscoll, Chief Financial Officer (Age 57)
Mr. Todd Wohler, Chief HR Officer (Age 60)
Mr. James J. Jeter, Pres of Sales - U.S. (Age 60)
Mr. Karl W. Werner, Pres of International (Age 54)

What is Ritchie Bros. Auctioneers' stock symbol?

Ritchie Bros. Auctioneers trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBA."

Who are Ritchie Bros. Auctioneers' major shareholders?

Ritchie Bros. Auctioneers' stock is owned by a number of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (10.24%), Baillie Gifford & Co. (9.58%), Caisse DE Depot ET Placement DU Quebec (5.78%), Janus Henderson Group PLC (5.71%), ArrowMark Colorado Holdings LLC (3.96%) and William Blair Investment Management LLC (3.46%). Company insiders that own Ritchie Bros. Auctioneers stock include Darren Jeffrey Watt, Edward Baltazar Pitoniak, James J Jeter, Karl William Werner, Kieran Colquhoun Holm and Todd Donald Wohler. View institutional ownership trends for Ritchie Bros. Auctioneers.

Which major investors are selling Ritchie Bros. Auctioneers stock?

RBA stock was sold by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Fiera Capital Corp, Two Sigma Investments LP, Ceredex Value Advisors LLC, Balyasny Asset Management LLC, Principal Financial Group Inc., Grandeur Peak Global Advisors LLC, and Two Sigma Advisers LP. Company insiders that have sold Ritchie Bros. Auctioneers company stock in the last year include Darren Jeffrey Watt, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, and Todd Donald Wohler. View insider buying and selling activity for Ritchie Bros. Auctioneers.

Which major investors are buying Ritchie Bros. Auctioneers stock?

RBA stock was purchased by a variety of institutional investors in the last quarter, including Deutsche Bank AG, ArrowMark Colorado Holdings LLC, Massachusetts Financial Services Co. MA, Canada Pension Plan Investment Board, JPMorgan Chase & Co., Connor Clark & Lunn Investment Management Ltd., Mackenzie Financial Corp, and Champlain Investment Partners LLC. View insider buying and selling activity for Ritchie Bros. Auctioneers.

How do I buy shares of Ritchie Bros. Auctioneers?

Shares of RBA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ritchie Bros. Auctioneers' stock price today?

One share of RBA stock can currently be purchased for approximately $43.63.

How big of a company is Ritchie Bros. Auctioneers?

Ritchie Bros. Auctioneers has a market capitalization of $4.72 billion and generates $1.32 billion in revenue each year. The business services provider earns $149.04 million in net income (profit) each year or $1.33 on an earnings per share basis. Ritchie Bros. Auctioneers employs 2,400 workers across the globe.

What is Ritchie Bros. Auctioneers' official website?

The official website for Ritchie Bros. Auctioneers is www.rbauction.com.

How can I contact Ritchie Bros. Auctioneers?

Ritchie Bros. Auctioneers' mailing address is 9500 GLENLYON PARKWAY, BURNABY A1, V5J 0C6. The business services provider can be reached via phone at 778-331-5500 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff