Ritchie Bros. Auctioneers Inc (RBA) to Release Quarterly Earnings on Monday
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) is set to announce its earnings results after the market closes on Monday, August 7th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Ritchie Bros. Auctioneers Inc (TSE:RBA) opened at 34.77 on Friday. Ritchie Bros. Auctioneers Inc has a 52-week low of $34.14 and a 52-week high of $52.88. The stock has a market capitalization of $3.72 billion and a PE ratio of 51.13. The stock’s 50 day moving average price is $36.98 and its 200-day moving average price is $41.13.
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RBA has been the topic of a number of recent research reports. CIBC downgraded Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$36.00 to C$28.00 in a research report on Monday, July 10th. National Bank Financial reiterated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research report on Thursday, June 29th. Raymond James Financial, Inc. lowered their price target on Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a “market perform” rating on the stock in a research report on Monday, May 8th. Scotiabank lowered their price target on Ritchie Bros. Auctioneers from C$59.00 to C$53.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 11th. Finally, TD Securities raised their target price on Ritchie Bros. Auctioneers from C$31.00 to C$37.50 and gave the company a “reduce” rating in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$39.50.
About Ritchie Bros. Auctioneers
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.
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