Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Analysts at National Bank Financial lowered their Q3 2017 EPS estimates for shares of Ritchie Bros. Auctioneers in a research report issued to clients and investors on Thursday. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.23. 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 $1.07 EPS.
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Several other equities research analysts have also issued reports on the company. Scotiabank reissued an “outperform” rating and set a C$41.00 price target on shares of Ritchie Bros. Auctioneers in a research report on Tuesday. Raymond James Financial, Inc. dropped their target price on Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 11th. TD Securities dropped their target price on Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a research report on Monday, July 10th. Finally, CIBC lowered Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$36.00 to C$28.00 in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$39.50.
Shares of Ritchie Bros. Auctioneers (TSE RBA) opened at 36.88 on Monday. The company has a market cap of $3.95 billion and a price-to-earnings ratio of 79.83. The company’s 50-day moving average is $35.79 and its 200-day moving average is $39.89. Ritchie Bros. Auctioneers has a one year low of $34.03 and a one year high of $52.88.
In other news, insider Sharon Driscoll bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of C$35.72 per share, with a total value of C$35,720.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.68 annualized dividend and a yield of 1.84%.
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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