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

Ritchie Bros. Auctioneers' stock was trading at $37.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RBA stock has increased by 49.6% and is now trading at $55.71.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Ritchie Bros. Auctioneers is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Ritchie Bros. Auctioneers Inc (NYSE:RBA) posted its quarterly earnings results on Thursday, August, 6th. The business services provider reported $0.54 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.18. The business services provider had revenue of $389.05 million for the quarter, compared to analysts' expectations of $344.20 million. Ritchie Bros. Auctioneers had a net margin of 11.89% and a return on equity of 17.98%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share.
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Ritchie Bros. Auctioneers announced a quarterly dividend on Wednesday, May 6th. Stockholders 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 1.44%. The ex-dividend date is Tuesday, May 26th.
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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 23.8%.
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News coverage about RBA stock has been trending very negative on Sunday, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ritchie Bros. Auctioneers earned a news sentiment score of -3.4 on InfoTrie's scale. They also gave news articles 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 immediate future.
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Ritchie Bros. Auctioneers saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,600,000 shares, an increase of 28.0% from the June 30th total of 1,250,000 shares. Based on an average trading volume of 541,400 shares, the short-interest ratio is presently 3.0 days. Approximately 1.5% of the shares of the company are short sold.
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Some companies that are related to Ritchie Bros. Auctioneers include Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), Etsy (ETSY), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Zillow Group (ZG), Zillow Group (Z), Fair Isaac (FICO), LYFT (LYFT), Farfetch (FTCH), The Western Union (WU), WEX (WEX), GrubHub (GRUB), CDK Global (CDK) and Nielsen (NLSN).
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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).

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

Ritchie Bros. Auctioneers' stock is owned by a number of institutional and retail investors. Top institutional investors include Riverbridge Partners LLC (3.24%), GW&K Investment Management LLC (1.80%), Marathon Asset Management LLP (1.29%), Palisade Capital Management LLC NJ (0.66%), Swiss National Bank (0.44%) and Sumitomo Mitsui Trust Holdings Inc. (0.34%). 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.
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RBA stock was sold by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Capco Asset Management LLC, CWM LLC, GW&K Investment Management LLC, Granite Investment Partners LLC, New York State Common Retirement Fund, RMB Capital Management LLC, and US Bancorp DE. 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.

RBA stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, Assenagon Asset Management S.A., Mn Services Vermogensbeheer B.V., Zurcher Kantonalbank Zurich Cantonalbank, Riverbridge Partners LLC, Andra AP fonden, and Envestnet Asset Management Inc..
View insider buying and selling activity for 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.

One share of RBA stock can currently be purchased for approximately $55.71.

Ritchie Bros. Auctioneers has a market capitalization of $6.03 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.

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

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]