Ritchie Bros. Auctioneers Stock Forecast, Price & 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 (WHO). Since then, RBA shares have increased by 83.5% and is now trading at $68.30.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Ritchie Bros. Auctioneers.

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Ritchie Bros. Auctioneers is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Ritchie Bros. Auctioneers.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) released its earnings results on Thursday, November, 5th. The business services provider reported $0.44 EPS for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.14. The business services provider had revenue of $331.54 million for the quarter, compared to analysts' expectations of $305.71 million. Ritchie Bros. Auctioneers had a net margin of 11.89% and a return on equity of 17.77%. The business's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share.
View Ritchie Bros. Auctioneers' earnings history.

Ritchie Bros. Auctioneers declared a quarterly dividend on Monday, November 9th. Investors of record on Wednesday, November 25th will be paid a dividend of $0.22 per share on Wednesday, December 16th. This represents a $0.88 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, November 24th.
View Ritchie Bros. Auctioneers' dividend history.

9 brokers have issued 1-year price targets for Ritchie Bros. Auctioneers' stock. Their forecasts range from $42.50 to $80.00. On average, they expect Ritchie Bros. Auctioneers' stock price to reach $60.21 in the next year. This suggests that the stock has a possible downside of 11.8%.
View analysts' price targets for Ritchie Bros. Auctioneers.

Ritchie Bros. Auctioneers saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,020,000 shares, an increase of 15.0% from the September 30th total of 886,700 shares. Based on an average trading volume of 497,500 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.9% of the shares of the stock are sold short.
View Ritchie Bros. Auctioneers' Short Interest.

Some companies that are related to Ritchie Bros. Auctioneers include Zillow Group (ZG), Zillow Group (Z), FLEETCOR Technologies (FLT), Etsy (ETSY), Trip.com Group (TCOM), Farfetch (FTCH), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Fair Isaac (FICO), Lyft (LYFT), The Western Union (WU), WEX (WEX), Grubhub (GRUB), Fiverr International (FVRR) and American Well (AMWL).
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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), The 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 many different retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (10.00%), ArrowMark Colorado Holdings LLC (3.98%), William Blair Investment Management LLC (3.82%), Riverbridge Partners LLC (3.26%), GW&K Investment Management LLC (1.70%) and Champlain Investment Partners LLC (0.84%). Company insiders that own Ritchie Bros. Auctioneers stock include Christopher Zimmerman, Darren Jeffrey Watt, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, Matthew Ackley, Sharon Ruth Driscoll and Todd Donald Wohler.
View institutional ownership trends for Ritchie Bros. Auctioneers.

RBA stock was sold by a variety of institutional investors in the last quarter, including Champlain Investment Partners LLC, Standard Life Aberdeen plc, TD Asset Management Inc., Massachusetts Financial Services Co. MA, ArrowMark Colorado Holdings LLC, Thrivent Financial for Lutherans, Principal Financial Group Inc., and William Blair Investment Management LLC. Company insiders that have sold Ritchie Bros. Auctioneers company stock in the last year include Christopher Zimmerman, Darren Jeffrey Watt, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, Matthew Ackley, Sharon Ruth Driscoll, and Todd Donald Wohler.
View insider buying and selling activity for Ritchie Bros. Auctioneers.

RBA stock was bought by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., The Manufacturers Life Insurance Company, Morgan Stanley, Arrowstreet Capital Limited Partnership, CIBC Private Wealth Group LLC, Segall Bryant & Hamill LLC, Voloridge Investment Management LLC, and Riverbridge Partners LLC.
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 $68.30.

Ritchie Bros. Auctioneers has a market capitalization of $7.47 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 2,500 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]