Ritchie Bros. Auctioneers (RBA) Getting Somewhat Positive Media Coverage, Analysis Finds
Press coverage about Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) has trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ritchie Bros. Auctioneers earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.6609591714893 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Brokerages Expect Ritchie Bros. Auctioneers Incorporated (RBA) Will Announce Quarterly Sales of $139.42 Million (americanbankingnews.com)
- Ritchie Bros. Auctioneers, Inc. – Value Analysis (NYSE:RBA) : October 11, 2017 (finance.yahoo.com)
- Ritchie Bros. Auctioneers Incorporated (RBA) Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Bidding on yesterday: Man puts antique tractor collection up to auction (agweek.com)
- Ritchie Bros Auctioneers Enters Oversold Territory (nasdaq.com)
Ritchie Bros. Auctioneers (NYSE RBA) opened at 28.19 on Monday. The firm has a market cap of $3.02 billion, a P/E ratio of 61.42 and a beta of 0.57. Ritchie Bros. Auctioneers has a 12-month low of $26.68 and a 12-month high of $39.96. The firm has a 50-day moving average of $29.99 and a 200-day moving average of $29.98.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $166.20 million during the quarter, compared to analyst estimates of $161.85 million. Ritchie Bros. Auctioneers had a return on equity of 14.72% and a net margin of 8.96%. Ritchie Bros. Auctioneers’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. On average, analysts expect that Ritchie Bros. Auctioneers will post $0.83 EPS for the current year.
A number of analysts recently issued reports on RBA shares. BidaskClub lowered shares of Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. National Bank Financial restated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, June 29th. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 8th. CIBC lowered shares of Ritchie Bros. Auctioneers from a “sector outperform” rating to a “sector perform” rating and set a $28.00 price target for the company. in a research note on Monday, July 10th. Finally, TD Securities dropped their price target on shares of Ritchie Bros. Auctioneers from $28.00 to $27.00 and set a “reduce” rating for the company in a research note on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and a consensus price target of $30.67.
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In other news, CFO Sharon Ruth Driscoll bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of $28.59 per share, for a total transaction of $28,590.00. Following the completion of the purchase, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $28,590. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.
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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