Ritchie Bros. Auctioneers - RBA Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RBA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RBA, but not buy additional shares or sell existing shares.
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11 Wall Street analysts have issued 1-year price objectives for Ritchie Bros. Auctioneers' stock. Their RBA share price forecasts range from $55.00 to $67.00. On average, they expect the company's share price to reach $60.78 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price.
View analysts price targets for RBA or view top-rated stocks among Wall Street analysts.

Ritchie Bros. Auctioneers' stock was trading at $57.83 at the beginning of the year. Since then, RBA shares have increased by 4.2% and is now trading at $60.24.
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Ritchie Bros. Auctioneers saw a increase in short interest in January. As of January 15th, there was short interest totaling 7,460,000 shares, an increase of 34.4% from the December 31st total of 5,550,000 shares. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is presently 6.4 days. Approximately 6.7% of the shares of the company are sold short.
View Ritchie Bros. Auctioneers' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our RBA earnings forecast.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) released its quarterly earnings data on Monday, November, 7th. The business services provider reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.08. The business services provider earned $411.50 million during the quarter, compared to analysts' expectations of $366.23 million. Ritchie Bros. Auctioneers had a net margin of 18.49% and a trailing twelve-month return on equity of 25.52%. The business's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS.

Ritchie Bros. Auctioneers declared a quarterly dividend on Monday, January 16th. Shareholders of record on Friday, February 10th will be paid a dividend of $0.27 per share on Friday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for RBA.

Ritchie Bros. Auctioneers (NYSE:RBA) pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.83%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 39.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RBA will have a dividend payout ratio of 45.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RBA.

34 employees have rated Ritchie Bros. Auctioneers Chief Executive Officer Ann Fandozzi on Glassdoor.com. Ann Fandozzi has an approval rating of 94% among the company's employees. This puts Ann Fandozzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ritchie Bros. Auctioneers investors own include SFL (SFL), Verizon Communications (VZ), Advanced Micro Devices (AMD), Target (TGT), Taiwan Semiconductor Manufacturing (TSM), Home Depot (HD), Pfizer (PFE), QUALCOMM (QCOM), Raytheon Technologies (RTX) and Xilinx (XLNX).

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

Ritchie Bros. Auctioneers' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (3.68%), Baillie Gifford & Co. (1.43%), Allspring Global Investments Holdings LLC (0.41%), Ceredex Value Advisors LLC (0.38%), Boston Financial Mangement LLC (0.32%) and Sumitomo Mitsui Trust Holdings Inc. (0.25%). Insiders that own company stock include Ann Fandozzi, Christopher Zimmerman, Darren Jeffrey Watt, James J Jeter, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, Matthew Ackley, Sharon Ruth Driscoll and Todd Donald Wohler.
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Shares of RBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RBA stock can currently be purchased for approximately $60.24.

Ritchie Bros. Auctioneers (NYSE:RBA) has a market capitalization of $6.68 billion and generates $1.42 billion in revenue each year. The business services provider earns $151.87 million in net income (profit) each year or $2.73 on an earnings per share basis.

The company employs 2,700 workers across the globe.

Ritchie Bros. Auctioneers' mailing address is 9500 GLENLYON PARKWAY, BURNABY A1, V5J 0C6. The official website for the company is www.rbauction.com. The business services provider can be reached via phone at (778) 331-5500, via email at ir@rbauction.com, or via fax at 778-331-5501.