Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) was upgraded by stock analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday.

A number of other equities analysts also recently commented on RBA. Zacks Investment Research upgraded Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Royal Bank Of Canada set a $40.00 price objective on Ritchie Bros. Auctioneers and gave the stock a “buy” rating in a report on Wednesday, August 9th. Scotiabank increased their price objective on Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. TD Securities dropped their price objective on Ritchie Bros. Auctioneers from $23.00 to $22.00 and set a “reduce” rating on the stock in a report on Monday, November 13th. Finally, Bank of America Corporation lowered their price target on Ritchie Bros. Auctioneers from $22.50 to $21.50 and set an “underperform” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and an average price target of $29.20.

Ritchie Bros. Auctioneers (RBA) traded up $0.11 during midday trading on Monday, hitting $25.29. 970,600 shares of the stock were exchanged, compared to its average volume of 657,458. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2,710.71, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66. Ritchie Bros. Auctioneers has a 1-year low of $24.08 and a 1-year high of $39.96.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The firm had revenue of $141.05 million during the quarter, compared to analyst estimates of $139.96 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. equities research analysts predict that Ritchie Bros. Auctioneers will post 0.85 EPS for the current fiscal year.

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In other news, CFO Sharon Ruth Driscoll bought 1,000 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of $28.59 per share, with a total value of $28,590.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $28,590. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in Ritchie Bros. Auctioneers by 338.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,108 shares of the business services provider’s stock worth $303,000 after purchasing an additional 6,257 shares during the period. Intact Investment Management Inc. lifted its holdings in shares of Ritchie Bros. Auctioneers by 59.0% during the third quarter. Intact Investment Management Inc. now owns 67,080 shares of the business services provider’s stock valued at $2,624,000 after acquiring an additional 24,900 shares during the period. Marathon Asset Management LLP lifted its holdings in shares of Ritchie Bros. Auctioneers by 54.9% during the third quarter. Marathon Asset Management LLP now owns 1,796,051 shares of the business services provider’s stock valued at $56,645,000 after acquiring an additional 636,529 shares during the period. FMR LLC lifted its holdings in shares of Ritchie Bros. Auctioneers by 280.3% during the second quarter. FMR LLC now owns 341,000 shares of the business services provider’s stock valued at $9,798,000 after acquiring an additional 251,323 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Ritchie Bros. Auctioneers by 3.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 116,601 shares of the business services provider’s stock valued at $3,351,000 after acquiring an additional 3,601 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.

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

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