Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA)‘s stock had its “hold” rating reiterated by stock analysts at Barrington Research in a research report issued on Tuesday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, August 22nd. Macquarie upped their target price on Ritchie Bros. Auctioneers from $39.50 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Scotiabank set a $39.00 target price on Ritchie Bros. Auctioneers and gave the company a “hold” rating in a research report on Monday, August 13th. Finally, Raymond James upped their target price on Ritchie Bros. Auctioneers from $34.00 to $38.00 and gave the company a “market perform” rating in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Ritchie Bros. Auctioneers currently has an average rating of “Hold” and an average price target of $36.00.

NYSE RBA traded down $0.31 during trading on Tuesday, reaching $34.26. 696,019 shares of the company’s stock were exchanged, compared to its average volume of 457,075. The company has a market cap of $3.77 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 2.42 and a beta of 0.78. The company has a quick ratio of 1.12, a current ratio of 1.28 and a debt-to-equity ratio of 0.90. Ritchie Bros. Auctioneers has a fifty-two week low of $25.50 and a fifty-two week high of $38.77.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, November 8th. The business services provider reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Ritchie Bros. Auctioneers had a return on equity of 14.15% and a net margin of 12.36%. The company had revenue of $159.30 million for the quarter, compared to the consensus estimate of $163.59 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that Ritchie Bros. Auctioneers will post 1.1 EPS for the current fiscal year.

In related news, SVP Kieran Colquhoun Holm sold 13,240 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $38.24, for a total value of $506,297.60. Following the completion of the sale, the senior vice president now directly owns 11,278 shares in the company, valued at $431,270.72. The sale was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Cutler Group LP boosted its stake in shares of Ritchie Bros. Auctioneers by 125.6% in the second quarter. Cutler Group LP now owns 4,688 shares of the business services provider’s stock valued at $159,000 after buying an additional 22,971 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Ritchie Bros. Auctioneers in the second quarter valued at approximately $207,000. Janney Montgomery Scott LLC bought a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at approximately $210,000. We Are One Seven LLC bought a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at approximately $216,000. Finally, Equitable Trust Co. bought a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at approximately $217,000. Institutional investors and hedge funds own 91.65% of the company’s stock.

Ritchie Bros. Auctioneers Company Profile

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. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.

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Analyst Recommendations for Ritchie Bros. Auctioneers (NYSE:RBA)

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