Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – KeyCorp boosted their Q4 2017 EPS estimates for shares of Ritchie Bros. Auctioneers in a research note issued to investors on Tuesday. KeyCorp analyst J. Box now forecasts that the company will earn $0.27 per share for the quarter, up from their previous estimate of $0.20. KeyCorp also issued estimates for Ritchie Bros. Auctioneers’ Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.21 EPS.
A number of other research analysts have also issued reports on RBA. Raymond James Financial reduced their target price on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a research note on Tuesday, October 10th. TD Securities reduced their target price on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a research note on Tuesday, October 10th. Scotiabank reissued an “outperform” rating and set a C$42.50 target price on shares of Ritchie Bros. Auctioneers in a research note on Friday, October 20th. Finally, National Bank Financial raised shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$28.00 to C$39.00 in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$38.33.
Ritchie Bros. Auctioneers (RBA) opened at C$40.03 on Friday. The stock has a market cap of $4,290.00, a PE ratio of 51.99 and a beta of 0.26. Ritchie Bros. Auctioneers has a one year low of C$30.63 and a one year high of C$46.32.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th were paid a $0.219 dividend. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 88.31%.
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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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