Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Investment analysts at National Bank Financial reduced their Q2 2017 earnings per share (EPS) estimates for Ritchie Bros. Auctioneers in a note issued to investors on Wednesday. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.37 per share for the quarter, down from their previous forecast of $0.41. National Bank Financial currently has a “Sector Perform Under Weight” rating on the stock. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ FY2017 earnings at $1.18 EPS and FY2018 earnings at $1.54 EPS.
Several other analysts have also recently weighed in on the company. Scotiabank cut Ritchie Bros. Auctioneers to an “outperform” rating and set a C$44.00 price objective on the stock. in a research report on Monday, March 20th. Raymond James Financial, Inc. dropped 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. Royal Bank Of Canada dropped their price target on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Barrington Research reissued a “market perform” rating on shares of Ritchie Bros. Auctioneers in a research report on Wednesday, May 10th. Finally, TD Securities boosted their price target on Ritchie Bros. Auctioneers from C$31.00 to C$37.50 and gave the stock a “reduce” rating in a research report on Monday, April 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus target price of C$39.50.
Shares of Ritchie Bros. Auctioneers (TSE:RBA) opened at 34.81 on Friday. The stock has a market capitalization of $3.72 billion and a P/E ratio of 51.19. Ritchie Bros. Auctioneers has a 52 week low of $34.28 and a 52 week high of $52.88. The stock has a 50 day moving average price of $41.06 and a 200 day moving average price of $42.97.
Ritchie Bros. Auctioneers Company Profile
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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