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NYSE:RBA

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

$70.48
-0.61 (-0.86%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$69.60
$70.76
50-Day Range
$58.97
$72.66
52-Week Range
$48.65
$76.18
Volume
207,765 shs
Average Volume
491,884 shs
Market Capitalization
$7.81 billion
P/E Ratio
26.70
Dividend Yield
1.41%
Price Target
$64.00

Ritchie Bros. Auctioneers MarketRank™ Forecast

Analyst Rating
Hold
1.88 Rating Score
Upside/​Downside
9.2% Downside
$64.00 Price Target
Short Interest
Healthy
1.38% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.15mentions of Ritchie Bros. Auctioneers in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
22.22%
From $1.71 to $2.09 Per Share

Overall MarketRank

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

2.44 out of 5 stars

Business Services Sector

94th out of 340 stocks

Business Services, Not Elsewhere Classified Industry

40th out of 109 stocks

RBA stock logo

About Ritchie Bros. Auctioneers (NYSE:RBA) Stock

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. The company also offers live auction events with online bidding. It sells used equipment to its customers through live unreserved auctions at 40 auction sites worldwide. The company serves construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. It operates in the United States, Canada, Australia, the United Arab Emirates, the Netherlands, Europe, the Middle East, Asia, and internationally. Ritchie Bros. Auctioneers Incorporated was founded in 1958 and is headquartered in Burnaby, Canada.

Ritchie Bros. Auctioneers Price Performance

RBA Stock opened at $71.09 on Friday. The firm has a 50 day moving average of $66.38 and a 200-day moving average of $60.77. The firm has a market capitalization of $7.88 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 5.93 and a beta of 1.01. Ritchie Bros. Auctioneers has a 12 month low of $48.65 and a 12 month high of $76.18. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

Ritchie Bros. Auctioneers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 24th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.52%. This is an increase from Ritchie Bros. Auctioneers's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, August 23rd. Ritchie Bros. Auctioneers's dividend payout ratio (DPR) is presently 37.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RBA shares. StockNews.com upgraded Ritchie Bros. Auctioneers from a "hold" rating to a "buy" rating in a research note on Saturday, August 13th. National Bankshares increased their target price on shares of Ritchie Bros. Auctioneers from $56.00 to $60.00 and gave the stock an "underperform" rating in a research report on Monday, August 8th. Royal Bank of Canada lifted their target price on shares of Ritchie Bros. Auctioneers from $60.00 to $67.00 and gave the stock an "outperform" rating in a research note on Thursday, May 12th. TD Securities upped their price target on shares of Ritchie Bros. Auctioneers from $55.00 to $58.00 and gave the company a "hold" rating in a research note on Thursday, May 12th. Finally, Raymond James raised their price objective on shares of Ritchie Bros. Auctioneers from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Monday, August 8th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $64.00.

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RBA Stock News Headlines

Expert Ratings for Ritchie Bros Auctioneers
Ritchie Bros. reports second quarter 2022 results
Ritchie Bros Auctioneers Inc stock raised on Friday.
Ritchie Bros. Auctioneers Names Eric Jacobs As Finance Chief
Ritchie Bros Auctioneers names Eric Jacobs as CFO
See More Headlines
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RBA Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 6/17 Dividend
5/26/2022
Dividend Payable
6/17/2022
Today
8/19/2022
Ex-Dividend for 9/14 Dividend
8/23/2022
Dividend Payable
9/14/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$64.00
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
-9.2%
Consensus Rating
Hold
Rating Score (0-4)
1.88
Research Coverage
8 Analysts

Profitability

Net Income
$151.87 million
Pretax Margin
24.00%

Debt

Sales & Book Value

Annual Sales
$1.42 billion
Cash Flow
$2.27 per share
Book Value
$11.22 per share

Miscellaneous

Free Float
110,059,000
Market Cap
$7.81 billion
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Ms. Ann M. FandozziMs. Ann M. Fandozzi (Age 51)
    CEO & Director
    Comp: $2.07M
  • Mr. James F. Kessler (Age 49)
    Pres & COO
    Comp: $1.11M
  • Mr. Baron Concors (Age 52)
    Chief Information Officer
    Comp: $671.68k
  • Ms. Sharon R. DriscollMs. Sharon R. Driscoll (Age 60)
    Exec. VP & Advisor to the CEO
    Comp: $905.72k
  • Ms. Kari R. Taylor (Age 48)
    Chief Revenue Officer
    Comp: $856.85k
  • Mr. David E. Ritchie
    Founder and Chairman Emeritus
  • Mr. Eric D. Jacobs Esq. (Age 55)
    Chief Financial Officer
  • Mr. Sameer Rathod
    VP of Investor Relations & Market Intelligence
  • Mr. Darren J. Watt (Age 50)
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Ian Malinski
    Media Relations Mang.













RBA Stock - Frequently Asked Questions

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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last year. There are currently 3 sell ratings, 3 hold ratings and 2 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 2022?

8 analysts have issued 1 year price targets for Ritchie Bros. Auctioneers' shares. Their RBA share price forecasts range from $56.00 to $75.00. On average, they predict the company's share price to reach $64.00 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
View analysts price targets for RBA
or view top-rated stocks among Wall Street analysts.

How have RBA shares performed in 2022?

Ritchie Bros. Auctioneers' stock was trading at $61.21 at the beginning of the year. Since then, RBA stock has increased by 16.1% and is now trading at $71.09.
View the best growth stocks for 2022 here
.

When is Ritchie Bros. Auctioneers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RBA earnings forecast
.

How were Ritchie Bros. Auctioneers' earnings last quarter?

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) released its quarterly earnings results on Thursday, November, 4th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.12. The business services provider earned $329.70 million during the quarter, compared to analysts' expectations of $324.38 million. Ritchie Bros. Auctioneers had a trailing twelve-month return on equity of 27.06% and a net margin of 18.78%. The business's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company 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 Wednesday, August 3rd. Stockholders of record on Wednesday, August 24th will be paid a dividend of $0.27 per share on Wednesday, September 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Tuesday, August 23rd. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for RBA
.

Is Ritchie Bros. Auctioneers a good dividend stock?

Ritchie Bros. Auctioneers (NYSE:RBA) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.41%. 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 37.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RBA will have a dividend payout ratio of 47.85% 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 institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (6.75%), Riverbridge Partners LLC (4.08%), Eagle Asset Management Inc. (2.93%), Baillie Gifford & Co. (2.48%), Jarislowsky Fraser Ltd (2.42%) and Fiera Capital Corp (2.30%). Insiders that own company stock include Ann Fandozzi, Christopher Zimmerman, Darren Jeffrey Watt, 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 $71.09.

How much money does Ritchie Bros. Auctioneers make?

Ritchie Bros. Auctioneers (NYSE:RBA) has a market capitalization of $7.88 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 $2.64 on an earnings per share basis.

How many employees does Ritchie Bros. Auctioneers have?

The company employs 2,700 workers across the globe.

When was Ritchie Bros. Auctioneers founded?

Ritchie Bros. Auctioneers was founded in 1958.

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 8/19/2022 by MarketBeat.com Staff

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