KeyCorp Comments on Ritchie Bros. Auctioneers Incorporated's Q2 2017 Earnings (NYSE:RBA)

The brokerage presently has a "sector perform" rating on the business services provider's stock. The rating was maintained by TD Securities with "Sell" on Wednesday, April 12.

Among 11 analysts covering Ritchie Bros. Auctioneers Inc (NYSE:RBA) on Thursday, July 13 with "Hold" rating. The stock tapped a 52-week high of US$34.98 while the mean 12-month price target for the shares is US$27.35. Auctioneers Inc (NYSE:RBA) on Friday, July 22 to "Negative" rating. Raymond James Financial, Inc. lowered their price target on Ritchie Bros. Auctioneers Inc (NYSE:RBA) earned "Sector Perform" rating by IBC on Monday, July 10.

Let's take an assessment at how Ritchie Bros. First Bank & Trust now owns 5,191 shares of the business services provider's stock worth $171,000 after buying an additional 727 shares during the last quarter.

Large investors have recently made changes to their positions in the company.

American Capital Management Inc. reduced its position in shares of Ritchie Bros. Ritchie Bros. Auctioneers's revenue was up 4.7% compared to the same quarter past year. World Asset Management Inc now owns 6,613 shares of the business services provider's stock valued at $218,000 after buying an additional 43 shares during the last quarter. Ritchie Bros. Auctioneers has a 1-year low of $26.68 and a 1-year high of $39.96. Auctioneers by 150.2% in the first quarter. Macquarie Research initiated Ritchie Bros. The company now has a market value of $3.17B. Accern also gave news coverage about the business services provider an impact score of 37 out of 100, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the near term. Norris Perne & French LLP MI acquired a new stake in Ritchie Bros. Auctioneers Incor decreased from $19,263,000 to $2,471,000 a change of 87.2% quarter to quarter.

30 civilians killed in US-led strikes in Syria
To the southeast, Syrian government forces backed by their Russian allies are fighting IS in the oil-rich province of Deir Ezzor. Captured by Daesh in 2014, Raqqa became a symbol of atrocities by its fighters in its self-declared "caliphate".

Ameritas Investment Partners Inc increased Spdr Series Trust (JNK) stake by 13,209 shares to 107,772 valued at $3.93M in 2016Q4. The stock declined 0.24% or $0.24 reaching $101.04 per share. Institutional investors and hedge funds own 97.26% of the company's stock.

Now turning toward the technical indicators, its current distance from 20-Day Simple Moving Average is 6.25% and moving 1.63% away from 50-Day Simple Moving Average while traded down -8.68% from 200-Day Simple Moving Average. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 41.03 and a beta of 0.55.

Several equities research analysts have issued reports on the company. The business services provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $166.20 million for the quarter, compared to the consensus estimate of $161.85 million. American Capital Management Inc.'s holdings in Ritchie Bros. Ritchie Bros. Auctioneers's revenue was up 4.7% on a year-over-year basis. During the same quarter a year ago, the firm posted $0.37 EPS. Sei Investments Co. increased its stake in Ritchie Bros. In the last earnings report the EPS was $0.68 and is expected to be $1.05 for the current year with 106,985,000 shares now outstanding.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.17 per share. Moreover, Millennium Mngmt Ltd Limited Liability Company has 0.37% invested in Visa Inc (NYSE:V) for 2.29 million shares. The firm has "Hold" rating by Jefferies given on Wednesday, August 2. On average, equities analysts expect that Ritchie Bros. Can increased its stake in Ritchie Bros. "Auctioneers Incorporated (RBA) Stock Price Down 5.9% on Analyst Downgrade" was reported by Week Herald and is owned by of Week Herald. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & worldwide trademark & copyright laws. Auctioneers Inc (NYSE:RBA) news were published by: Reuters.com which released: "BRIEF-Ritchie Bros".

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