National Bank Financial lowered shares of Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) from a sector perform rating to an underperform rating in a research report report published on Friday morning, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. TD Securities boosted their price objective on Ritchie Bros. Auctioneers from $28.00 to $29.00 and gave the company a reduce rating in a report on Monday, August 12th. OTR Global upgraded Ritchie Bros. Auctioneers to a positive rating in a report on Friday, October 25th. Robert W. Baird boosted their price objective on Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the company an outperform rating in a report on Monday, August 12th. Royal Bank of Canada boosted their price objective on Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the company a hold rating in a report on Monday, August 12th. Finally, Bank of America boosted their price objective on Ritchie Bros. Auctioneers from $32.00 to $33.50 and gave the company an underperform rating in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $36.25.

RBA traded down $0.38 during trading hours on Friday, reaching $41.28. 1,072,627 shares of the company’s stock traded hands, compared to its average volume of 346,689. The firm has a 50-day moving average price of $39.84 and a 200 day moving average price of $36.72. Ritchie Bros. Auctioneers has a 52-week low of $30.76 and a 52-week high of $42.97. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $4.39 billion, a PE ratio of 38.22, a PEG ratio of 4.67 and a beta of 0.69.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Ritchie Bros. Auctioneers had a return on equity of 15.27% and a net margin of 10.08%. The company had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $289.55 million. During the same quarter in the previous year, the business earned $0.18 EPS. Ritchie Bros. Auctioneers’s revenue was up 18.1% compared to the same quarter last year. Equities analysts predict that Ritchie Bros. Auctioneers will post 1.27 EPS for the current fiscal year.

In other Ritchie Bros. Auctioneers news, insider Todd Donald Wohler sold 2,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.50, for a total value of $79,000.00. Following the completion of the sale, the insider now directly owns 13,919 shares in the company, valued at approximately $549,800.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Darren Jeffrey Watt sold 2,279 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $39.33, for a total value of $89,633.07. Following the completion of the sale, the insider now owns 5,626 shares of the company’s stock, valued at $221,270.58. The disclosure for this sale can be found here. Insiders sold a total of 8,709 shares of company stock valued at $344,944 over the last quarter. Company insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of RBA. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ritchie Bros. Auctioneers by 15.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,375,826 shares of the business services provider’s stock worth $453,895,000 after buying an additional 1,543,300 shares during the period. Fiera Capital Corp lifted its holdings in shares of Ritchie Bros. Auctioneers by 23.5% in the 2nd quarter. Fiera Capital Corp now owns 2,984,675 shares of the business services provider’s stock worth $99,276,000 after buying an additional 568,680 shares during the period. Mondrian Investment Partners LTD lifted its holdings in shares of Ritchie Bros. Auctioneers by 18.6% in the 3rd quarter. Mondrian Investment Partners LTD now owns 1,660,039 shares of the business services provider’s stock worth $87,667,000 after buying an additional 259,917 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of Ritchie Bros. Auctioneers by 13.8% in the 3rd quarter. GW&K Investment Management LLC now owns 2,043,635 shares of the business services provider’s stock worth $81,541,000 after buying an additional 248,524 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Ritchie Bros. Auctioneers by 6.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 3,643,453 shares of the business services provider’s stock worth $121,025,000 after buying an additional 218,387 shares during the period. Institutional investors and hedge funds own 89.73% of the company’s stock.

About Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site 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, as well as construction and heavy machinery.

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

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