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 55.8% and is now trading at $58.01.
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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."
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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) announced its quarterly earnings data on Thursday, August, 6th. The business services provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.18. The business services provider had revenue of $389.05 million for the quarter, compared to analyst estimates of $344.20 million. Ritchie Bros. Auctioneers had a return on equity of 17.77% and a net margin of 11.89%. Ritchie Bros. Auctioneers's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share.
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Ritchie Bros. Auctioneers declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.22 per share on Wednesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, August 25th. This is an increase from Ritchie Bros. Auctioneers's previous quarterly dividend of $0.20.
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9 Wall Street analysts have issued 12-month target prices for Ritchie Bros. Auctioneers' stock. Their forecasts range from $42.50 to $56.00. On average, they anticipate Ritchie Bros. Auctioneers' stock price to reach $48.25 in the next twelve months. This suggests that the stock has a possible downside of 16.8%.
View analysts' price targets for Ritchie Bros. Auctioneers.

Ritchie Bros. Auctioneers saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,680,000 shares, an increase of 29.2% from the August 31st total of 1,300,000 shares. Based on an average trading volume of 520,100 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.6% of the shares of the company are short sold.
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Some companies that are related to Ritchie Bros. Auctioneers include Zillow Group (Z), Zillow Group (ZG), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Ctrip.Com International (CTRP), Trip.com Group (TCOM), Broadridge Financial Solutions (BR), Etsy (ETSY), Fair Isaac (FICO), The Western Union (WU), LYFT (LYFT), Farfetch (FTCH), GrubHub (GRUB), WEX (WEX) and CDK Global (CDK).
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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), Advanced Micro Devices (AMD), Target (TGT), Taiwan Semiconductor Mfg. (TSM), Pfizer (PFE), QUALCOMM (QCOM), Xilinx (XLNX), AbbVie (ABBV) and Walt Disney (DIS).

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 ArrowMark Colorado Holdings LLC (4.23%), William Blair Investment Management LLC (3.97%), Riverbridge Partners LLC (3.24%), Vanguard Group Inc. (3.02%), Bank of Montreal Can (2.19%) and GW&K Investment Management LLC (1.80%). Company insiders that own Ritchie Bros. Auctioneers stock include Darren Jeffrey Watt, Edward Baltazar Pitoniak, 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 Mondrian Investment Partners LTD, Thrivent Financial for Lutherans, Goldman Sachs Group Inc., CIBC Private Wealth Group LLC, Marathon Asset Management LLP, Ensign Peak Advisors Inc, Canada Pension Plan Investment Board, and Capco Asset Management LLC. 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, 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 William Blair Investment Management LLC, Sumitomo Mitsui Trust Holdings Inc., ArrowMark Colorado Holdings LLC, Swiss National Bank, Bank of Nova Scotia, TD Asset Management Inc., APG Asset Management N.V., and Assenagon Asset Management S.A..
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 $58.01.

Ritchie Bros. Auctioneers has a market capitalization of $6.34 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]