Ritchie Bros. Auctioneers Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last twelve months. There are currently 1 sell rating and 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Ritchie Bros. Auctioneers stock. 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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Ritchie Bros. Auctioneers saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,730,000 shares, an increase of 29.1% from the August 15th total of 1,340,000 shares. Based on an average daily volume of 452,600 shares, the short-interest ratio is currently 3.8 days. Approximately 1.6% of the company's stock are sold short.
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Ritchie Bros. Auctioneers is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Ritchie Bros. Auctioneers.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) issued its earnings results on Wednesday, August, 4th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by $0.06. The business services provider had revenue of $396.36 million for the quarter, compared to analyst estimates of $418.80 million. Ritchie Bros. Auctioneers had a net margin of 12.70% and a trailing twelve-month return on equity of 18.95%.
View Ritchie Bros. Auctioneers' earnings history.

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 stock has increased by 65.4% and is now trading at $61.57.
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Ritchie Bros. Auctioneers declared a quarterly dividend on Monday, August 9th. Stockholders of record on Wednesday, August 25th will be given a dividend of $0.25 per share on Wednesday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, August 24th. This is a boost from Ritchie Bros. Auctioneers's previous quarterly dividend of $0.22.
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Ritchie Bros. Auctioneers pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.59%. The dividend payout ratio of Ritchie Bros. Auctioneers is 59.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ritchie Bros. Auctioneers will have a dividend payout ratio of 49.50% next year. This indicates that Ritchie Bros. Auctioneers will be able to sustain or increase its dividend.
View Ritchie Bros. Auctioneers' dividend history.

7 analysts have issued 12-month price targets for Ritchie Bros. Auctioneers' stock. Their forecasts range from $55.00 to $80.00. On average, they anticipate Ritchie Bros. Auctioneers' stock price to reach $64.33 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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34 employees have rated Ritchie Bros. Auctioneers CEO Ann Fandozzi on Glassdoor.com. Ann Fandozzi has an approval rating of 94% among Ritchie Bros. Auctioneers' employees. This puts Ann Fandozzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Ritchie Bros. Auctioneers include Zillow Group (ZG), Zillow Group (Z), FLEETCOR Technologies (FLT), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Lyft (LYFT), Trip.com Group (TCOM), Farfetch (FTCH), Fair Isaac (FICO), Worldline (WWLNF), DLocal (DLO), Concentrix (CNXC), The Western Union (WU), WEX (WEX) and Fiverr International (FVRR).
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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 a number of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (10.96%), Invesco Ltd. (3.68%), ArrowMark Colorado Holdings LLC (3.67%), William Blair Investment Management LLC (3.55%), Eagle Asset Management Inc. (3.22%) and Vanguard Group Inc. (3.09%). Company insiders that own Ritchie Bros. Auctioneers stock include 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 for Ritchie Bros. Auctioneers.

RBA stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Luxor Capital Group LP, Morgan Stanley, Morgan Stanley, Renaissance Technologies LLC, Mackenzie Financial Corp, The Manufacturers Life Insurance Company , and Vaughan Nelson Investment Management L.P.. 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, and Sharon Ruth Driscoll.
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RBA stock was acquired by a variety of institutional investors in the last quarter, including Cidel Asset Management Inc., Invesco Ltd., Marathon Asset Management LLP, Vontobel Asset Management Inc., Royal Bank of Canada, Cubist Systematic Strategies LLC, Goldman Sachs Group Inc., and Fiera Capital Corp.
View insider buying and selling activity for Ritchie Bros. Auctioneers or or view top insider-buying stocks.

Shares of RBA 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 $61.57.

Ritchie Bros. Auctioneers has a market capitalization of $6.80 billion and generates $1.38 billion in revenue each year. The business services provider earns $170.10 million in net income (profit) each year or $1.68 on an earnings per share basis.

Ritchie Bros. Auctioneers employs 2,600 workers across the globe.

Ritchie Bros. Auctioneers was founded in 1958.

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

Ritchie Bros. Auctioneers is headquartered at 9500 GLENLYON PARKWAY, BURNABY A1, V5J 0C6.

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].