Ritchie Bros. Auctioneers (NYSE:RBA) Downgraded by Zacks Investment Research to Strong Sell

Ritchie Bros. Auctioneers stock has undergone multiple analysts rating changes in the recent past.  Ritchie Bros. Auctioneers Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Strong Sell. The analysts previously had rating of Hold.

Shares of Ritchie Bros. Auctioneers traded up $0.30 on Tuesday, reaching $63.57. 0 shares of the stock traded hands, compared to its average volume of 380027. Shares of Ritchie Bros. Auctioneers were trading at $63.57 on Tuesday. The firm’s 50 day moving average is $62.06 and its 200 day moving average is $60.74.Ritchie Bros. Auctioneers has a 12 month low of $63.26 and a 12 month high of $78.64. While on yearly highs and lows, Ritchie Bros. Auctioneers’s today has traded high as $64.45 and has touched $63.26 on the downward trend. See More Analyst Rating at: RATING

Ritchie Bros. Auctioneers Earnings and What to expect: 

Ritchie Bros. Auctioneers last announced its quarterly earnings results on August 4th, 2021. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $396.36 million for the quarter, compared to analysts’ expectations of $418.80 million. Ritchie Bros. Auctioneers has generated $1.68 earnings per share over the last year ($1.65 diluted earnings per share) and currently has a price-to-earnings ratio of 38.5. Earnings for Ritchie Bros. Auctioneers are expected to grow by 17.44% in the coming year, from $1.72 to $2.02 per share. Ritchie Bros. Auctioneers has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for Ritchie Bros. Auctioneers are expected to grow by 17.44% in the coming year, from $1.72 to $2.02 per share. The P/E ratio of Ritchie Bros. Auctioneers is 38.53, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.77. The P/E ratio of Ritchie Bros. Auctioneers is 38.53, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 26.49. Ritchie Bros. Auctioneers has a PEG Ratio of 5.41. PEG Ratios above 1 indicate that a company could be overvalued. Ritchie Bros. Auctioneers has a P/B Ratio of 6.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Ritchie Bros. Auctioneers (NYSE:RBA) Moving Average Technical Analysis

5 day Moving Average is $63.52 And 5 day price change is $0.12 (0.19%)  with average volume for 5 day average is 299,540. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $62.45 and 20 day price change is $0.26 (0.41%) and average 20 day moving volume is 388,800. 50 day moving average is $62.06  and 50 day price change is $4.44 ( 7.51%)  and with average volume for 50 days is : 509,796. 200 day moving average is $60.74  and 200 day price change is -$7.67 (-10.77%)  and with average volume for 200 days is : 568,604.

Other owners latest trading in Ritchie Bros. Auctioneers :

  • On 10/12/2021 shares held by Koshinski Asset Management Inc. were 804 which equates to market value of $50K and appx 0.00% owners of Ritchie Bros. Auctioneers
  • On 10/8/2021 shares held by Wedbush Securities Inc. were 6,260 which equates to market value of $0.39M and appx 0.00% owners of Ritchie Bros. Auctioneers
  • On 10/6/2021 shares held by IFP Advisors Inc were 3,325 which equates to market value of $0.22M and appx 0.00% owners of Ritchie Bros. Auctioneers
  • In total Institutional ownership equates to Institutional Ownership Percentage: 80.89% for Ritchie Bros. Auctioneers

See More Analyst Rating at: RATING