Ritchie Bros Auctioneers Inc (RBA) Stock Forecast & Predictions

Ritchie Bros Auctioneers Inc RBA: $61.975

9500 Glenlyon Parkway, Burnaby, British Columbia, Canada. | Sector: Administrative and Support and Waste Management and Remediation Services | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.rbauction.com

  • Market Cap$6.91B
  • Change (52 Weeks)53.91%
  • Low (52 Weeks)$38.38
  • Ritchie Bros Auctioneers Inc (RBA) Stock Forecast By Analysts


    Strong Sell
    Analysts Recommendations for Ritchie Bros Auctioneers Inc (RBA) is based on 8 Institutional Analyst Ratings where 0.00% are on Strong Buy, 0.00% on Moderate Buy, 37.50% remains on Hold, 12.50% are on Moderate Sell and 50.00% are on Strong Sell.

    Out of 8 Institutional Analysts, majority recommended RBA stock as Strong Sell. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Ritchie Bros Auctioneers Inc.

    Ritchie Bros Auctioneers Inc (RBA) Stock Price Prediction By Analysts


    HighLowAverage
    $84.00$52.52$62.05
    $62.050.12% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for RBA set by the institutional analysts is $62.05 where High Estimate is $84.00, Median $59.67 and Low $52.52.

    The average price target for RBA by Institutional Analysts is $62.05, which is 0.12% Upside from the current price. So according to the Institutional Analysts, RBA Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Ritchie Bros Auctioneers Inc (RBA) Stock Forecast Based on News Sentiment


    Neutral
    Based on 1 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of RBA consisting of positive and negative, it shows that Ritchie Bros Auctioneers Inc had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so RBA stock price most likey won't have any reaction to last weeks news coverage.

    Ritchie Bros Auctioneers Inc (RBA) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Raymond James FinancialMarket PerformDowngraded
    Raymond James FinancialMarket PerformInitiated
    TD SecuritiesHoldDowngraded
    National Bank FinancialSector PerformDowngraded
    TD SecuritiesHoldDowngraded
    National Bank FinancialDowngraded
    ScotiaBankSector PerformDowngraded
    National Bank FinancialUpgraded
    Raymond James FinancialUpgraded
    TD SecuritiesHoldUpgraded
    ScotiaBankSector OutperformMaintained
    National Bank FinancialUnderperformUpgraded
    TD SecuritiesHoldMaintained
    Barrington ResearchMarket PerformDowngraded
    TD SecuritiesHoldMaintained
    B of A SecuritiesBuyReiterated
    Raymond James FinancialOutperformUpgraded
    OTR GLobalMixedDowngraded
    National Bank FinancialUnderperform UnderweightDowngraded
    BairdOutperformMaintained
    Bank of AmericaUnderperformReiterated
    National Bank FinancialSector PerformDowngraded
    MacquarieOutperformMaintained
    JefferiesUpgraded
    ScotiabankSector PerformDowngraded
    RBC CapitalSector PerformInitiated
    Bank of AmericaUnderperformMaintained
    National Bank FinancialOutperformUpgraded
    Bank of AmericaUnderperformMaintained
    SbankOutperformReiterated
    Raymond James FinancialMarket PerformDowngraded
    Raymond James FinancialMarket PerformMaintained
    TD SecuritiesReduceMaintained
    SbankOutperformMaintained
    CIBC World MarketsNeutralDowngraded
    CIBCSector PerformDowngraded
    Raymond James FinancialMarket PerformMaintained
    RBC CapitalOutperformMaintained
    CIBCOutperformerInitiated
    SbankOutperformMaintained
    TD SecuritiesReduceMaintained
    KeyBancSector WeightDowngraded
    TD SecuritiesReduceMaintained
    Raymond James FinancialMarket PerformMaintained
    Raymond James FinancialMarket PerformMaintained
    TD SecuritiesReduceMaintained
    Raymond JamesMarket PerformDowngraded
    RBC CapitalOutperformMaintained
    SbankOutperformMaintained
    RBC CapitalOutperformMaintained
    TD SecuritiesReduceMaintained
    RBC CapitalOutperformMaintained
    JefferiesHoldMaintained
    Bank of AmericaNeutralUpgraded
    MacquarieOutperformInitiated
    KeyBancOverweightUpgraded
    JefferiesHoldMaintained
    OTR GlobalNegativeDowngraded
    JefferiesHoldDowngraded
    KeyBancSector WeightInitiated
    RBC CapitalOutperformMaintained
    TD SecuritiesReduceMaintained
    RBC CapitalMaintained
    Raymond James FinancialOutperformMaintained
    RBC CapitalOutperformMaintained
    OTR GlobalNegativeDowngraded
    MacquarieNeutralInitiated
    Canaccord GenuityBuyUpgraded
    Northcoast ResearchNeutralDowngraded
    OTR GlobalUpgraded
    Canaccord GenuityMaintained
    Raymond JamesOutperformMaintained
    JefferiesBuyUpgraded
    SbankMaintained
    Raymond James FinancialOutperformMaintained
    RBC CapitalOutperformMaintained
    Canaccord GenuityHoldUpgraded
    SbankMaintained
    TD SecuritiesReduceMaintained
    Raymond James FinancialOutperformUpgraded
    Raymond JamesOutperformUpgraded
    Bank of AmericaUnderperformMaintained
    SbankSector OutperformMaintained
    JefferiesHoldMaintained
    Credit SuisseUnderperformMaintained
    Canaccord GenuityHoldMaintained
    Raymond James FinancialAt Market PerformMaintained
    RBC CapitalSector PerformMaintained
    Canaccord GenuityMaintained
    SbankMaintained
    TD SecuritiesReduceMaintained
    Raymond James FinancialAt Market PerformMaintained
    Raymond JamesMarket PerformMaintained
    Cantor FitzgeraldHoldMaintained
    Robert W BairdOutperformUpgraded
    SbankMaintained
    RBC CapitalSector PerformMaintained
    Raymond James FinancialOutperformMaintained
    Cantor FitzgeraldHoldUpgraded
    Canaccord GenuityHoldMaintained
    Cantor FitzgeraldBuyUpgraded
    BMO Capital MarketsOutperformMaintained
    TD SecuritiesReduceMaintained
    Credit SuisseUnderperformDowngraded
    TD SecuritiesMaintained
    Raymond James FinancialMaintained
    BMO CapitalOutperformMaintained
    BMO CapitalOutperformUpgraded
    Credit SuisseNeutralMaintained
    TD SecuritiesReduceMaintained
    RBC CapitalSector PerformMaintained
    RBC CapitalMaintained
    Credit SuisseNeutralMaintained
    Raymond JamesMarket PerformDowngraded
    Canaccord GenuityMaintained
    Robert W BairdNeutralMaintained
    BairdNeutralDowngraded
    Bank of AmericaUnderperformDowngraded
    Raymond James FinancialOutperformMaintained
    BMO CapitalUnderperformMaintained
    RBC CapitalMaintained
    SbankMaintained
    RBC CapitalSector PerformMaintained
    Paradigm CapitalMaintained
    Bank of AmericaNeutralDowngraded
    BMO CapitalUnderperformDowngraded
    JefferiesHoldMaintained
    Canaccord GenuityBuyMaintained
    BMO CapitalMarket PerformMaintained
    JefferiesHoldMaintained
    Bank ofericaBuyUpgraded

    Ritchie Bros Auctioneers Inc (RBA) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.638
    The average consensus EPS for RBA is $0.638 with a high estimate of $0.714 and Low of $0.598 for the period 2021-06-30 and based on 6 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.49$0.56896332020-12-31


    The latest average Earning Per Share Estimate for Ritchie Bros Auctioneers Inc is $0.64, which is higher than RBA's last EPS, $0.49. This means that Analysts are expecting Ritchie Bros Auctioneers Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Ritchie Bros Auctioneers Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.49$0.56896332020-12-31
    $0.44$0.317142020-09-30
    $0.54$0.397942020-06-30
    $0.21$0.2022020-03-31
    $0.47$0.4042019-12-31
    $0.23$0.23085572019-09-30
    $0.49$0.43920862019-06-30
    $0.17$0.19515222019-03-31
    $0.32$0.37190222018-12-31
    $0.18$0.176527799999999982018-09-30
    $0.42$0.3687512018-06-30
    $0.16$0.16990222018-03-31
    $0.26$0.20031332017-12-31
    $0.09$0.13295642017-09-30
    $0.33$0.329262017-06-30
    $0.22$0.21596832017-03-31
    $0.3$0.265458300000000042016-12-31
    $0.24$0.20549462016-09-30
    $0.37$0.43521912016-06-30
    $0.27$0.214122016-03-31
    $0.29$0.321361800000000032015-12-31
    $0.19$0.146452015-09-30
    $0.42$0.37372015-06-30
    $0.22$0.14476332015-03-31
    $0.31$0.319836700000000032014-12-31
    $0.13$0.141400000000000032014-09-30
    $0.36$0.34484432014-06-30
    $0.13$0.123222014-03-31
    $0.28$0.27414432013-12-31
    $0.15$0.094942013-09-30
    $0.28$0.270680000000000032013-06-30
    $0.13$0.143086699999999982013-03-31
    $0.21$0.223886700000000022012-12-31
    $0.09$0.09092012-09-30
    $0.3$0.36696332012-06-30
    $0.17$0.157562012-03-31
    $0.25$0.26596332011-12-31
    $0.06$0.141400000000000032011-09-30
    $0.25$0.276740000000000042011-06-30
    $0.13$0.12122011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).