Brokerages Set Ritchie Bros. Auctioneers Inc (TSE:RBA) Target Price at $39.50

Auctioneers Incor decreased from $252,000 to $244,000 a change of $8,000 since the last quarter.

The stock last traded at $29.64 marginally over the 50 day moving average which is $28.30 and which is just under the 200 day moving average of $30.91. Lloyds Banking Group plc boosted its stake in shares of Ritchie Bros. Macquarie Research initiated Ritchie Bros.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Forward Management LLC increased its stake in Ritchie Bros.

Ameritas Investment Partners Inc increased Spdr Series Trust (JNK) stake by 13,209 shares to 107,772 valued at $3.93M in 2016Q4. Sei Investments Co. increased its stake in Ritchie Bros. Comerica Bank now owns 6,693 shares of the business services provider's stock worth $220,000 after buying an additional 659 shares in the last quarter. Auctioneers Incorporated, suggesting a 3.74% gain from recent close. Natl Bank Of America Corp De holds 0.01% or 1.54 million shares in its portfolio. The company now has a market value of $3.17B.

Among 10 analysts covering Ritchie Bros. Ritchie Bros. Auctioneers's revenue was up 4.7% compared to the same quarter a year ago. Comerica Bank now owns 6,693 shares of the business services provider's stock worth $220,000 after buying an additional 659 shares in the last quarter. Granite Investment Partners LLC now owns 55,499 shares of the business services provider's stock worth $1,826,000 after buying an additional 26,063 shares during the last quarter.

Asian shares, United States stock futures, dollar slip on rising Korean tensions
The S&P 500 slid a point to close at 2,473 and the Dow Jones Industrial Average dropped 38 points, or 0.2%, to end at 22,046. Energy stocks fell along with crude prices as investors kept an eye on the latest company earnings and geopolitical news.

Shares of Ritchie Bros. Ritchie Bros. Auctioneers now has a consensus rating of "Hold" and a consensus target price of $33.75. The firm has a 50-day moving average price of $30.60 and a 200 day moving average price of $32.21. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 41.03 and a beta of 0.55.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)'s earnings per share has been growing at a 3.6 percent rate over the past 5 year when average revenue increase was noted as 7.4 percent. Analysts expect next quarter's EPS to be $0.22 with next year's EPS anticipated to be $1.23. Ritchie Bros. Auctioneers's dividend payout ratio (DPR) is 100.00%. The business had revenue of $166.20 million for the quarter, compared to the consensus estimate of $161.85 million. Auctioneers' Q3 2017 earnings at $0.18 EPS, Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.02 EPS and Q1 2018 earnings at $0.20 EPS. The company recently announced a dividend paid on Tuesday the 13th of June 2017. Shareholders of record on Friday, August 25th will be given a dividend of $0.17 per share. As per Wednesday, August 12, the company rating was upgraded by Canaccord Genuity. This represents a $0.68 annualized dividend and a yield of 2.44%.

WARNING: This piece was originally reported by Rincon Hill News and is the sole property of of Rincon Hill News. If you are reading this report on another domain, it was illegally stolen and republished in violation of USA and worldwide trademark & copyright legislation. Auctioneers Inc (NYSE:RBA) earned "Sector Weight" rating by KeyBanc Capital Markets on Friday, May 27.

A number of other research analysts have also weighed in on the company. Royal Bank Of Canada lowered their price target on Ritchie Bros. Auctioneers and gave the company a "buy" rating in a research note on Saturday, April 22nd. Ritchie Bros. Auctioneers traded as low as $27.10 and last traded at $27.90, with a volume of 2,200,962 shares trading hands. BidaskClub upgraded Ritchie Bros. Auctioneers in a research report on Wednesday, May 10th. On Tuesday, January 12 the stock rating was maintained by RBC Capital Markets with "Outperform". Auctioneers Inc (NYSE:RBA) on Thursday, October 1 with "Neutral" rating. Jefferies Group LLC reaffirmed a "hold" rating and set a $29.00 price target on shares of Ritchie Bros.

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