Ritchie Bros. Auctioneers Inc. (NYSE:RBA)’s share price fell 2.9% during mid-day trading on Friday . The company traded as low as $33.65 and last traded at $33.68, with a volume of 231,921 shares traded. The stock had previously closed at $34.69.

A number of brokerages recently issued reports on RBA. Jefferies Group lowered Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research note on Friday. They noted that the move was a valuation call. Robert W. Baird restated a “buy” rating on shares of Ritchie Bros. Auctioneers in a research note on Saturday, April 9th. Royal Bank Of Canada restated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, May 19th. Bank of America Corp. restated a “sell” rating and issued a $22.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Friday, April 8th. Finally, Zacks Investment Research raised Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, May 11th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Ritchie Bros. Auctioneers presently has an average rating of “Hold” and a consensus price target of $29.61.

The company’s 50 day moving average price is $33.61 and its 200-day moving average price is $27.76. The firm has a market cap of $3.55 billion and a PE ratio of 25.35.

Ritchie Bros. Auctioneers (NYSE:RBA) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. During the same period last year, the firm earned $0.22 earnings per share. The company earned $131.90 million during the quarter, compared to analysts’ expectations of $116.02 million. Ritchie Bros. Auctioneers’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts predict that Ritchie Bros. Auctioneers Inc. will post $1.27 earnings per share for the current fiscal year.

A number of large investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Ritchie Bros. Auctioneers by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,028 shares of the company’s stock worth $1,712,000 after buying an additional 2,500 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Ritchie Bros. Auctioneers by 10.3% in the fourth quarter. New York State Common Retirement Fund now owns 72,571 shares of the company’s stock worth $1,750,000 after buying an additional 6,771 shares during the period. Azimuth Capital Management LLC boosted its stake in shares of Ritchie Bros. Auctioneers by 9.2% in the fourth quarter. Azimuth Capital Management LLC now owns 109,065 shares of the company’s stock worth $2,630,000 after buying an additional 9,155 shares during the period. Swiss National Bank boosted its stake in shares of Ritchie Bros. Auctioneers by 0.8% in the fourth quarter. Swiss National Bank now owns 147,000 shares of the company’s stock worth $3,534,000 after buying an additional 1,200 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in shares of Ritchie Bros. Auctioneers by 9.8% in the fourth quarter. Eagle Asset Management Inc. now owns 150,711 shares of the company’s stock worth $3,633,000 after buying an additional 13,429 shares during the period.

Ritchie Bros. Auctioneers Incorporated is a holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces.

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