Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) does about 540.00K shares in volume on a normal day but saw 808610 shares change hands in Thursday trading. The company now has a market cap of 5.86B USD and an enterprise value of about $6.70B. Its current market price is $61.66, marking a decrease of -0.39% compared to the previous close of $61.90. The 52 week high reached by this stock is $62.23 whilst the lowest price level in 52 weeks is $25.92. The script in recent trading has seen the stock touch a high of $62.17 and a low of $60.96.
Ritchie Bros. Auctioneers Incorporated (RBA) has a 20-day trading average at $48.72 and the current price is -0.92% off the 52-week high compared with 137.89% distance from its 52-week low. The 50-day simple moving average of the closing price is $44.13 and its 200-day simple moving average is $41.77. If we look at the stock’s price movements over the week, volatility stands at 6.61%, which decreases to 3.20% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 90.49 to suggest the stock is overbought.
11 analysts observing the Ritchie Bros. Auctioneers Incorporated (RBA) stock have set the 12-month price targets for the company’s shares at between $44.00 and $64.00. The consensus objective for the share price is $45.75, suggesting that the stock has a potential downside of -34.78% over the period. The median price target is -10.11% away from the current levels at $56.00.
FactSet Research has provided data showing that 11 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 1 advise that it is a overweight. 3 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 10, 2020 when National Bank Financial downgraded the stock to “Underperform” and issued a price target of. TD Securities upgraded the stock to “Hold” from Reduce on April 01, 2020 at a price target of.
The current price level is 29.10%, 40.94%, and 47.98% away from its SMA20, SMA50, and SMA200 respectively, with the RBA price moving above the 50-day SMA on August 13. Ritchie Bros. Auctioneers Incorporated (RBA) stock is up 26.04% over the week and 45.12% over the past month. Its price is 43.56% year-to-date and 61.03% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.54 above consensus estimates by $0.18. The company’s next earnings report is expected on 11/05/2020, with forecasts estimating quarterly EPS at $0.25 and $1.36 for whole year. Expected sales for next quarter are $361.62 million, which analysts say will come at $1.29 billion for the current fiscal year and next year at $1.42 billion. In addition, estimates put the company’s current quarterly revenue at an average of $294.91 million.
Its 12-month price target is $56.00. To reach the target analysts have set, the stock logically needs to shrink -34.78 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $44.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $64.00.
Outstanding shares total 108.39M with insiders holding 0.23% of the shares and institutional holders owning 93.75% of the company’s common stock. The company has a return on investment of 11.60% and return on equity of 17.60%. The price to earnings ratio (P/E ratio) amounts to 44.14 while the forward price to earnings ratio is 37.97. The beta has a value of 1.01. Price to book ratio is 7.44 and price to sales ratio is 4.55.
According to a U.S. Securities and Exchange Commission filing, Caisse de DÃ©pÃ´t & Placement du Qu has added its position in Ritchie Bros. Auctioneers Incorporated (RBA) to 7,808,542 shares, mirroring a recent increase by 0.05%. Caisse de DÃ©pÃ´t & Placement du Qu added 3742.0 shares of Ritchie Bros. Auctioneers Incorporated common stock bringing its total worth to about $361.38 million at the end of recent close, SEC documents show. Caisse de DÃ©pÃ´t & Placement du Qu isn’t the only investment manager who changed stakes and is followed by Janus Henderson Enterprise Fund, which sold off 0.0 shares to end up with 4,870,747 shares worth $225.42 million. MFS International Growth Fund raise their holdings by 0.61% in the company over the course of the most recent quarter. It now holds a 3.75% position in Ritchie Bros. Auctioneers Incorporated thanks to 4.06 million shares amounting to $188.07 million.