NYSE:RBARitchie Bros. Auctioneers Stock Price, Forecast & News

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 shares have increased by 29.6% and is now trading at $48.24.
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11 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 6 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, August 6th 2020.
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Ritchie Bros. Auctioneers Inc (NYSE:RBA) posted its earnings results on Thursday, May, 7th. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The business services provider had revenue of $273.30 million for the quarter, compared to analyst estimates of $302.20 million. Ritchie Bros. Auctioneers had a return on equity of 17.51% and a net margin of 11.93%. The business's revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share.
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Ritchie Bros. Auctioneers declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.20 per share on Wednesday, June 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, May 26th.
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11 equities research analysts have issued 12 month target prices for Ritchie Bros. Auctioneers' stock. Their forecasts range from $36.00 to $50.00. On average, they anticipate Ritchie Bros. Auctioneers' share price to reach $42.44 in the next twelve months. This suggests that the stock has a possible downside of 12.0%.
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Headlines about RBA stock have trended somewhat negative this week, according to InfoTrie. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Ritchie Bros. Auctioneers earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
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Ritchie Bros. Auctioneers saw a increase in short interest in July. As of July 15th, there was short interest totaling 1,600,000 shares, an increase of 28.0% from the June 30th total of 1,250,000 shares. Based on an average trading volume of 541,400 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.5% of the shares of the stock are sold short.
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Some companies that are related to Ritchie Bros. Auctioneers include Akamai Technologies (AKAM), Etsy (ETSY), Broadridge Financial Solutions (BR), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Zillow Group (ZG), Zillow Group (Z), Fair Isaac (FICO), LYFT (LYFT), The Western Union (WU), Farfetch (FTCH), WEX (WEX), GrubHub (GRUB), CDK Global (CDK) and Nielsen (NLSN).
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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), Gilead Sciences (GILD), QUALCOMM (QCOM), Alibaba Group (BABA), Walt Disney (DIS), Home Depot (HD), NVIDIA (NVDA), Moody's (MCO) and Target (TGT).

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 Riverbridge Partners LLC (3.24%), Marathon Asset Management LLP (1.29%), Swiss National Bank (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.34%), Envestnet Asset Management Inc. (0.25%) and RMB Capital Management LLC (0.22%). Company insiders that own Ritchie Bros. Auctioneers stock include Darren Jeffrey Watt, Edward Baltazar Pitoniak, James J Jeter, Karl William Werner, Kieran Colquhoun Holm and Todd Donald Wohler.
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RBA stock was sold by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, CWM LLC, Granite Investment Partners LLC, RMB Capital Management LLC, DC Investments Management LLC, Russell Investments Group Ltd., Carroll Financial Associates Inc., and Diversified Trust Co. 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, and Todd Donald Wohler.
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RBA stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, Assenagon Asset Management S.A., Mn Services Vermogensbeheer B.V., Zurcher Kantonalbank Zurich Cantonalbank, Riverbridge Partners LLC, Envestnet Asset Management Inc., and NN Investment Partners Holdings N.V..
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 $48.24.

Ritchie Bros. Auctioneers has a market capitalization of $5.22 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]