According to The Fly, shares of Ritchie Bros Auction (RBA) were revisited by a Wall Street analyst today. The company received a Hold rating from Barrington’s analyst Gary Prestopino.
According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 0.3% and a 45.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Ritchie Bros.
Ritchie Bros Auction has an analyst consensus of Moderate Buy.
Based on Ritchie Bros Auction’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$30.24 million. In comparison, last year the company had a net profit of C$12.86 million.
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.
The company’s shares closed on Tuesday at C$45.84.
