Economy

Ritchie Bros Auctioneers Becomes Oversold

This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. Auctioneers by 11.0% during the 2nd quarter. Alliancebernstein L.P. now owns 33,747 shares of the business services provider's stock valued at $1,110,000 after acquiring an additional 21,644 shares during the period.

Dean Capital Management holds 2.42% of its portfolio in Schweitzer-Mauduit International, Inc. for 134,962 shares. Auctioneers by 0.7% during the 1st quarter. Breaking that down further, it has performed -1.78% for the week, 0.46% for the month, 4.06% over the last quarter, -8.91% for the past half-year and -20.70% for this a year ago.

The Value Composite One (VC1) is a method that investors use to determine a company's value.

Several brokerages recently weighed in on RBA. Auctioneers Incorporated (the "Company") issued a press release announcing its financial results for the third quarter ended September 30, 2017. The firm has "Hold" rating given on Wednesday, August 12 by Canaccord Genuity.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $3.02B. Auctioneers in a report on Tuesday, September 12th. Auctioneers and gave the company a "buy" rating in a research note on Wednesday, August 9th. Finally, TD Securities lowered their price objective on Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a "reduce" rating for the company in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $40.00 price target on Ritchie Bros. Macquarie Research upgraded the stock to "Outperform" rating in Thursday, October 27 report. Ritchie Bros. Auctioneers Incorporated had 29 analyst reports since August 10, 2015 according to SRatingsIntel. Over the past month the firm's stock is 0.22%, 4.18% for the last quarter, -1.90% for the past six-months and 26.11% for the previous year. Following the acquisition, the chief financial officer now directly owns 1,000 shares of the company's stock, valued at $28,590. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. "Auctioneers Incorporated (RBA)" was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this article on another publication, it was illegally copied and republished in violation of worldwide copyright and trademark law. Auctioneers Incorporated (NYSE:RBA). Over the past 12 weeks, the stock has seen a change of -2.05%. More interesting news about Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) is 0.052512.

The Leverage Ratio of Ritchie Bros. It looks at the stock's Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 1.11.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA)'s share price hit a new 52-week low during mid-day trading on Friday following a dissappointing earnings announcement. Unfortunately, the top-line increase didn't filter down to the bottom line, as the heavy equipment auctioneer's adjusted profit of $0.09 per share fell short of analysts' estimates calling for $0.14 per share. The Return on Assets for Ritchie Bros. The company had revenue of $166.20 million during the quarter, compared to analysts' expectations of $161.85 million.

On November 9, 2017, the Company announced that its board of directors declared a quarterly cash dividend of $0.17 per common share, payable on December 20, 2017 to shareholders of record on November 29, 2017. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value.

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.



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