Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) is expected to pay $0.17 on Dec 19, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Ritchie Bros. Auctioneers Incorporated’s current price of $37.43, the dividend is 0.45%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 10, 2016. The stock increased 0.89% or $0.33 during the last trading session, hitting $37.43. Ritchie Bros. Auctioneers (USA) (NYSE:RBA) has risen 30.10% since April 20, 2016 and is uptrending. It has outperformed by 25.55% the S&P500.
Ritchie Bros. Auctioneers Incorporated is a holding company. The company has a market cap of $4.01 billion. The Firm is an auctioneer of industrial equipment. It has a 36.53 P/E ratio. The Firm is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces.
Ritchie Bros. Auctioneers (USA) (NYSE:RBA) Ratings Coverage
Out of 6 analysts covering Ritchie Bros. Auctioneers Incorporated (NYSE:RBA), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Ritchie Bros. Auctioneers Incorporated has been the topic of 15 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Monday, August 10, the company rating was upgraded by Canaccord Genuity. The firm has “Outperform” rating given on Friday, August 26 by Macquarie Research. The company was maintained on Wednesday, August 31 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $28.0 target price in Tuesday, January 12 report. The firm has “” rating by RBC Capital Markets given on Friday, October 16. Canaccord Genuity upgraded Ritchie Bros. Auctioneers (USA) (NYSE:RBA) rating on Wednesday, August 12. Canaccord Genuity has “Hold” rating and $32 price target. On Friday, May 27 the stock rating was initiated by KeyBanc Capital Markets with “Sector Weight”. On Wednesday, August 10 the stock rating was maintained by Jefferies with “Hold”. The firm has “Overweight” rating given on Monday, August 15 by KeyBanc Capital Markets. OTR Global downgraded Ritchie Bros. Auctioneers (USA) (NYSE:RBA) on Monday, October 12 to “Negative” rating.
More recent Ritchie Bros. Auctioneers (USA) (NYSE:RBA) news were published by: Streetinsider.com which released: “Ritchie Bros. Auctioneers (RBA) to Acquire IronPlanet in $758.5M Deal” on August 30, 2016. Also Fool.ca published the news titled: “Ritchie Bros. Auctioneers Inc.: 1 Key Metric You Need to Know” on October 17, 2016. Fool.ca‘s news article titled: “Ritchie Bros. Auctioneers Has a Plan for Massive Growth” with publication date: January 15, 2016 was also an interesting one.
RBA Company Profile
Ritchie Bros. Auctioneers Incorporated, incorporated on December 12, 1997, is a holding company. The Firm is an auctioneer of industrial equipment. The Firm is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces. The Firm focuses on the sale of heavy machinery. The Firm operates through two divisions: Core Auction segment and EquipmentOne segment. Core Auction segment offers a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding. EquipmentOne segment is an online marketplace that facilitates private equipment transactions. The Firm sells equipment through unreserved auctions at approximately 40 auction sites across the world. The majority of the assets sold through the Company’s sales channels are classified as construction machinery. The Firm operates in over 15 countries across the world. The Company’s multi-channel sales solutions allow sellers to choose the method of sale based on their needed degree of control.
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