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NYSE:RBA

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

$59.35
+0.45 (+0.76%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$58.83
$60.44
50-Day Range
$53.28
$61.49
52-Week Range
$48.65
$72.73
Volume
2.65 million shs
Average Volume
1.93 million shs
Market Capitalization
$6.58 billion
P/E Ratio
21.74
Dividend Yield
1.83%
Price Target
$60.78

Ritchie Bros. Auctioneers MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
2.3% Upside
$60.78 Price Target
Short Interest
Bearish
7.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.57mentions of Ritchie Bros. Auctioneers in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.90%
From $1.96 to $2.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Business Services Sector

105th out of 326 stocks

Business Services, Not Elsewhere Classified Industry

35th out of 96 stocks


RBA stock logo

About Ritchie Bros. Auctioneers (NYSE:RBA) Stock

Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros. Financial Services segment refers to the financial brokerage service. The Mascus segment includes online listing service. The company was founded by David Edward Ritchie in 1958 and is headquartered in Burnaby, Canada.

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RBA Stock News Headlines

Janus joins Luxor in opposing Ritchie Bros bid for IAA
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Where Ritchie Bros Auctioneers Stands With Analysts
Ritchie Bros. Auctioneers (NYSE:RBA) Price Target Raised to $66.00
IAA Stock Rises After Ritchie Updates Offer
See More Headlines
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RBA Company Calendar

Last Earnings
11/07/2022
Ex-Dividend for 12/14 Dividend
11/22/2022
Dividend Payable
12/14/2022
Today
1/30/2023
Ex-Dividend for 3/3 Dividend
2/09/2023
Next Earnings (Confirmed)
2/21/2023
Dividend Payable
3/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Employees
2,700
Year Founded
1958

Price Target and Rating

Average Stock Price Forecast
$60.78
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+2.4%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$151.87 million
Pretax Margin
23.55%

Debt

Sales & Book Value

Annual Sales
$1.42 billion
Cash Flow
$2.30 per share
Book Value
$9.68 per share

Miscellaneous

Free Float
110,135,000
Market Cap
$6.58 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Ann M. FandozziAnn M. Fandozzi
    Chief Executive Officer & Director
  • James Kessler
    President & Chief Operating Officer
  • Eric Douglas Jacobs
    Chief Financial & Accounting Officer
  • Baron Concors
    Chief Information Officer
  • Brian L. Glenn
    SVP & Head of Sales Canada













RBA Stock - Frequently Asked Questions

Should I buy or sell Ritchie Bros. Auctioneers stock right now?

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.
View RBA analyst ratings
or view top-rated stocks.

What is Ritchie Bros. Auctioneers' stock price forecast for 2023?

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.

How have RBA shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Ritchie Bros. Auctioneers?

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
.

When is Ritchie Bros. Auctioneers' next earnings date?

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

How were Ritchie Bros. Auctioneers' earnings last quarter?

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.

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 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
.

Is Ritchie Bros. Auctioneers a good dividend stock?

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.

What is Ann Fandozzi's approval rating as Ritchie Bros. Auctioneers' CEO?

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.

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), Home Depot (HD), Pfizer (PFE), QUALCOMM (QCOM), Raytheon Technologies (RTX) and Xilinx (XLNX).

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 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.
View institutional ownership trends
.

How do I buy shares of Ritchie Bros. Auctioneers?

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.
Compare Top Brokerages Here.

What is Ritchie Bros. Auctioneers' stock price today?

One share of RBA stock can currently be purchased for approximately $60.24.

How much money does Ritchie Bros. Auctioneers make?

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.

How many employees does Ritchie Bros. Auctioneers have?

The company employs 2,700 workers across the globe.

How can I contact Ritchie Bros. Auctioneers?

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.

This page (NYSE:RBA) was last updated on 1/30/2023 by MarketBeat.com Staff