Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – National Bank Financial boosted their FY2019 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a note issued to investors on Tuesday. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $1.69 per share for the year, up from their prior estimate of $1.44. National Bank Financial has a “Outperform” rating and a $39.00 price target on the stock.
A number of other research firms also recently issued reports on RBA. Raymond James Financial cut their price objective on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a report on Tuesday, October 10th. Scotiabank reaffirmed an “outperform” rating and set a C$42.50 price objective on shares of Ritchie Bros. Auctioneers in a report on Friday, October 20th. Finally, TD Securities cut their price target on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus target price of C$38.33.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th were issued a $0.219 dividend. This is an increase from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Tuesday, November 28th. Ritchie Bros. Auctioneers’s payout ratio is 88.31%.
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Ritchie Bros. Auctioneers Company Profile
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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