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, which equates to a potential upside of 26.18 percent. The most pessimistic analyst gave a price target of 23.5, implying potential capital losses of -17.63 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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.
Another thing investors often look at is the level of agreement among analysts' 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, while 5 analysts decreased their estimates.
The growth rate of RBA's earnings is estimated by analysts to be 8.8 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. RBA has a PEG ratio of 3.64.
RBA has a 52-week high of 39.96 and a 52-week low of 26.68. The current market price is above the trailing year's low by 6.93 percent, and 28.6 percent below the high. RBA has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.