Analyst Ratings for Ritchie Bros. Auctioneers Inc. (RBA)Updated: 2017-07-26
Analysts covering Ritchie Bros. Auctioneers Inc. (NYSE:RBA) have given it a consensus rating of Hold. RBA had previously received a consensus rating of Overweight a month ago.
Of the 17 analysts covering the stock, 5 gave it a buy rating, 1 issued an overweight rating, 9 gave a hold rating, 1 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. During this time, the number of analysts bearish on the stock has increased by 0.
RBA was given price targets by several analysts. The highest price target was 36, implying a possible profit of 26.18 percent. The most pessimistic analyst gave a price target of 23.5, implying a possible loss of -17.63 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -8.57 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -20.98 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -7.45 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -16.74 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 4 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 5 analysts that revised their FY estimates downwards.
RBA has an estimated earnings growth rate of 8.8 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of RBA is 3.64.
RBA has a 52-week high of 39.96 and a 52-week low of 26.68. Currently the stock is 6.93 percent higher than its low, and below the high by 28.6 percent. RBA has a P/E ratio of 32.02. Investors typically compare the P/E ratio to a company's peers in the industry. The RBA value stock report compares RBA to some of its peers using value stock charts. The market cap of RBA is $3.82 billion. RBA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.