Economy

Bank of Nova Scotia Grows Stake in Ritchie Bros. Auctioneers Incorporated (RBA)

Bank of Nova Scotia Grows Stake in Ritchie Bros. Auctioneers Incorporated (RBA)

In comparing the current level to recent highs and lows, the stock is -20.31% from the 50-Day High and -7.43% off the 50-day low. The company also offers sector-specific solutions including GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and Cat® auctions, plus equipment financing and leasing through Ritchie Bros. Auctioneers by 0.7% in the 1st quarter. National Bank Financial reduced their target price on shares of Ritchie Bros. Caisse De Depot Et Placement Du Quebec is the second biggest holder with 8 million shares now valued at 223.30 million whilst Janus Capital Management LLC has 6 million shares valued at 210.50 million. Auctioneers by 178.8% during the 1st quarter. Auctioneers by 11.0% in the 2nd quarter.

They expect $0.14 EPS, down 42.86% or $0.06 from last year's $0.2 per share. First Bank & Trust boosted its holdings in shares of Ritchie Bros. PNC Financial Services Group Inc. now owns 25,910 shares of the business services provider's stock valued at $852,000 after acquiring an additional 1,519 shares during the period. However, the institutional investors are observed to own 84.90% of the total shares.

In other Ritchie Bros. The shares were acquired at an average cost of $28.59 per share, with a total value of $28,590.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Jefferies maintained the shares of RBA in report on Wednesday, August 10 with "Hold" rating. Royal Bank Of Canada set a $40.00 price target on Ritchie Bros. Auctioneers to C$59.00 and gave the stock an "outperform" rating in a report on Friday, November 11th.

Ritchie Bros Auctioneers Inc is a Canada holding company. Auctioneers and gave the company a "buy" rating in a research report on Wednesday, August 9th. TD Securities lowered their price target on Ritchie Bros. 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 previous year. Auctioneers Inc (NYSE:RBA) on Friday, July 22 to "Negative" rating.

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TRADEMARK VIOLATION NOTICE: "Ritchie Bros". 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. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. If the $24.04 price target is reached, the company will be worth $193.90 million less.

Shares of Ritchie Bros.

Ritchie Brothers Auctioneers (NYSE:RBA) had a decrease of 3.57% in short interest. Ritchie Bros. Auctioneers has a one year low of $26.68 and a one year high of $39.96. The stock has a market capitalization of $3,059.89, a price-to-earnings ratio of 30.07, a P/E/G ratio of 3.30 and a beta of 0.66. The company has market cap of $1.34 billion. Ritchie Bros. Auctioneers Inc (NYSE:RBA) has declined 2.22% since November 10, 2016 and is downtrending.

Despite missing earnings estimates, management is capable of righting the ship and believes the combination of Ritchie Bros. and Iron Planet will deliver growth going forward as the two former competitors develop synergies, expand business internationally, and cross-sell more of the company's products and services. Ritchie Bros. Auctioneers had a return on equity of 14.72% and a net margin of 8.96%. The firm had revenue of $141.05 million during the quarter, compared to the consensus estimate of $139.96 million.


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