NYSE:RBA

Ritchie Bros. Auctioneers Stock Forecast, Price & News

$69.22

-0.61 (-0.87 %)

(As of 12/4/2020 12:00 AM ET)

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Today's Range

$69.02

Now: $69.22▼

$70.59

50-Day Range

$60.11

MA: $65.34▼

$75.20

52-Week Range

$25.92

Now: $69.22▼

$78.64

Volume314,341 shs

Average Volume543,464 shs

Market Capitalization$7.57 billion

P/E Ratio49.44

Dividend Yield1.26%

Beta1.08

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^™

1.2 Analyst's Opinion

Consensus Rating
Ritchie Bros. Auctioneers has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $60.21, Ritchie Bros. Auctioneers has a forecasted downside of 13.0% from its current price of $69.22.
Amount of Analyst Coverage
Ritchie Bros. Auctioneers has only been the subject of 4 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
Ritchie Bros. Auctioneers has received 377 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ritchie Bros. Auctioneers has received 678 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ritchie Bros. Auctioneers has received 64.27% “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.

1.7 Dividend Strength

Dividend Yield
Ritchie Bros. Auctioneers has a dividend yield of 1.26%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ritchie Bros. Auctioneers has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Ritchie Bros. Auctioneers is 66.17%. 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 51.16% next year. This indicates that Ritchie Bros. Auctioneers will be able to sustain or increase its dividend.

1.7 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 $417,671.00 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
84.43% 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 13.91% in the coming year, from $1.51 to $1.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ritchie Bros. Auctioneers is 49.44, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ritchie Bros. Auctioneers is 49.44, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 35.01.
Price to Earnings Growth Ratio
Ritchie Bros. Auctioneers has a PEG Ratio of 5.90. 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 8.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.51 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

Employees2,500

Debt

Debt-to-Equity Ratio0.68

Current Ratio1.25

Quick Ratio1.17

Price-To-Earnings

Trailing P/E Ratio49.44

Forward P/E Ratio45.84

P/E Growth5.9

Sales & Book Value

Annual Sales$1.32 billion

Price / Sales5.74

Cash Flow$2.32 per share

Price / Cash Flow29.89

Book Value$8.30 per share

Price / Book8.34

Profitability

EPS (Most Recent Fiscal Year)$1.33

Net Income$149.04 million

Net Margins11.89%

Return on Equity17.77%

Return on Assets6.69%

Miscellaneous

Outstanding Shares109,400,000

Market Cap$7.57 billion

Next Earnings Date2/25/2021 (Estimated)

OptionableOptionable

$69.22

-0.61 (-0.87 %)

(As of 12/4/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RBA stock has increased by 85.9% and is now trading at $69.22.
View which stocks have been most impacted by COVID-19.

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

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 or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Ritchie Bros. Auctioneers?

Wall Street analysts have given Ritchie Bros. Auctioneers a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ritchie Bros. Auctioneers wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Ritchie Bros. Auctioneers' next earnings date?

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.

How were Ritchie Bros. Auctioneers' earnings last quarter?

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) issued its quarterly earnings results on Thursday, November, 5th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14. The business services provider had revenue of $331.54 million for the quarter, compared to the consensus estimate of $305.71 million. Ritchie Bros. Auctioneers had a net margin of 11.89% and a return on equity of 17.77%. Ritchie Bros. Auctioneers's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 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 announced a quarterly dividend on Monday, November 9th. Shareholders 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 yield of 1.27%. The ex-dividend date of this dividend is Tuesday, November 24th.
View Ritchie Bros. Auctioneers' dividend history.

What price target have analysts set for RBA?

9 brokerages have issued 12 month target prices for Ritchie Bros. Auctioneers' stock. Their forecasts range from $42.50 to $80.00. On average, they anticipate Ritchie Bros. Auctioneers' share price to reach $60.21 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
View analysts' price targets for Ritchie Bros. Auctioneers.

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

Some companies that are related to Ritchie Bros. Auctioneers include Zillow Group (ZG), Zillow Group (Z), FLEETCOR Technologies (FLT), Etsy (ETSY), Farfetch (FTCH), Trip.com Group (TCOM), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Lyft (LYFT), Fair Isaac (FICO), The Western Union (WU), WEX (WEX), American Well (AMWL), Nielsen (NLSN) and Grubhub (GRUB).
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 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).

Who are Ritchie Bros. Auctioneers' key executives?

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

Ms. Sharon R. Driscoll, Chief Financial Officer (Age 58, Pay $1.08M)
Mr. Karl W. Werner, Pres of International (Age 55, Pay $836.94k)
Mr. James J. Jeter, Pres of Upstream & Emerging Bus.es - North America (Age 61, Pay $843.26k)
Ms. Kari R. Taylor, Pres of North America Sales (Age 46, Pay $467.86k)
Ms. Ann M. Fandozzi, CEO & Director (Age 49)
Mr. David E. Ritchie, Founder and Chairman Emeritus
Mr. James F. Kessler, Chief Operating Officer
Mr. Baron Concors, Chief Information Officer
Zaheed Mawani, VP of Investor Relations
Mr. Darren J. Watt, Sr. VP, Gen. Counsel & Corp. Sec. (Age 48)

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 (10.00%), 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.

Which major investors are selling Ritchie Bros. Auctioneers stock?

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.

Which major investors are buying Ritchie Bros. Auctioneers stock?

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.

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 $69.22.

How big of a company is Ritchie Bros. Auctioneers?

Ritchie Bros. Auctioneers has a market capitalization of $7.57 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.

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 12/5/2020 by MarketBeat.com Staff

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