Ritchie Bros. Auctioneers Inc. (NYSE:RBA) dropped 1.6% during trading on Friday . The company traded as low as $32.67 and last traded at $33.21, with a volume of 489,166 shares changing hands. The stock had previously closed at $33.76.

Several brokerages recently issued reports on RBA. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a report on Saturday, April 2nd. BMO Capital Markets raised their target price on shares of Ritchie Bros. Auctioneers from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Friday, April 8th. KeyCorp began coverage on shares of Ritchie Bros. Auctioneers in a report on Friday, May 27th. They issued a “sector weight” rating on the stock. Raymond James Financial Inc. restated an “outperform” rating and issued a $31.00 target price (up previously from $29.50) on shares of Ritchie Bros. Auctioneers in a report on Monday, April 11th. Finally, Bank of America Corp. restated a “sell” rating and issued a $22.00 target price on shares of Ritchie Bros. Auctioneers in a report on Friday, April 8th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and a consensus target price of $29.61.

The company’s 50 day moving average is $33.70 and its 200 day moving average is $28.06. The stock has a market cap of $3.52 billion and a PE ratio of 25.15.

Ritchie Bros. Auctioneers (NYSE:RBA) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. The firm had revenue of $131.90 million for the quarter, compared to the consensus estimate of $116.02 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS. Analysts anticipate that Ritchie Bros. Auctioneers Inc. will post $1.27 earnings per share for the current fiscal year.

A number of hedge funds recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Ritchie Bros. Auctioneers by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,028 shares of the company’s stock valued at $1,712,000 after buying an additional 2,500 shares in the last quarter. New York State Common Retirement Fund increased its stake in 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 valued at $1,750,000 after buying an additional 6,771 shares in the last quarter. Azimuth Capital Management LLC increased its stake in Ritchie Bros. Auctioneers by 9.2% in the fourth quarter. Azimuth Capital Management LLC now owns 109,065 shares of the company’s stock valued at $2,630,000 after buying an additional 9,155 shares in the last quarter. Swiss National Bank increased its stake in Ritchie Bros. Auctioneers by 0.8% in the fourth quarter. Swiss National Bank now owns 147,000 shares of the company’s stock valued at $3,534,000 after buying an additional 1,200 shares in the last quarter. Finally, American Capital Management Inc. bought a new stake in Ritchie Bros. Auctioneers during the fourth quarter valued at $4,986,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.