Oppenheimer Maintains a Hold Rating on Ritchie Bros

Oppenheimer analyst Scott Schneeberger maintained a Hold rating on Ritchie Bros (NYSE: RBA) yesterday. The company’s shares closed yesterday at $34.03, close to its 52-week high of $35.17.

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 13.8% and a 68.2% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, Landstar System Inc, and General Finance.

Currently, the analyst consensus on Ritchie Bros is Moderate Buy and the average price target is $36, representing a 5.8% upside.

In a report issued on May 7, Barrington also maintained a Hold rating on the stock.

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Based on Ritchie Bros’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $36.75 million. In comparison, last year the company had a net profit of $10.38 million.

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Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services, and Mascus.