Ritchie Bros. Auctioneers (RBA) to Post FY2016 Earnings of $1.63 Per Share, Raymond James Financial Forecasts
Ritchie Bros. Auctioneers (TSE:RBA) – Stock analysts at Raymond James Financial increased their FY2016 earnings per share estimates for Ritchie Bros. Auctioneers in a research report issued to clients and investors on Wednesday. Raymond James Financial analyst B. Cherniavsky now expects that the brokerage will post earnings per share of $1.63 for the year, up from their prior forecast of $1.53.
Several other brokerages have also weighed in on RBA. TD Securities reaffirmed a “reduce” rating and set a C$33.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Friday. Royal Bank Of Canada increased their price target on Ritchie Bros. Auctioneers to C$59.00 and gave the company an “outperform” rating in a report on Friday.
Shares of Ritchie Bros. Auctioneers (TSE:RBA) opened at 50.41 on Monday. The firm has a market capitalization of $5.38 billion and a PE ratio of 48.47. The firm’s 50 day moving average is $46.59 and its 200-day moving average is $43.05. Ritchie Bros. Auctioneers has a one year low of $29.73 and a one year high of $50.75.
Ritchie Bros. Auctioneers Company Profile
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.
Receive News & Stock Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related stocks with our FREE daily email newsletter.