B of A Securities Upgrades Ritchie Bros Auctioneers to Buy, Announces $75 Price Target
B of A Securities analyst Michael Feniger upgrades Ritchie Bros Auctioneers (NYSE:RBA) from Neutral to Buy and announces $75 price target.
Ritchie Bros Auctioneers’s Return On Capital Employed Overview
According to Benzinga Pro, during Q1, Ritchie Bros Auctioneers (NYSE:RBA) earned $178.10 million, a 482.47% increase from the preceding quarter. Ritchie Bros Auctioneers also posted a total of $393.92 million in sales, a 9.61% increase since Q4.
B of A Securities Upgrades Ritchie Bros Auctioneers to Neutral, Raises Price Target to $61
B of A Securities analyst Michael Feniger upgrades Ritchie Bros Auctioneers (NYSE:RBA) from Underperform to Neutral and raises the price target from $51 to $61.
Earnings Scheduled For May 9, 2022
Companies Reporting Before The Bell
• Atlantica Sustainable (NASDAQ:AY) is likely to report quarterly loss at $0.08 per share on revenue of $277.90 million.
Ritchie Bros Auctioneers Earnings Preview
Ritchie Bros Auctioneers (NYSE:RBA) is set to give its latest quarterly earnings report on Monday, 2022-05-09. Here's what investors need to know before the announcement.
Analysts estimate that Ritchie Bros Auctioneers will report an earnings per share (EPS) of $0.28.
RBC Capital Upgrades Ritchie Bros Auctioneers to Outperform, Lowers Price Target to $60
RBC Capital analyst Sabahat Khan upgrades Ritchie Bros Auctioneers (NYSE:RBA) from Sector Perform to Outperform and lowers the price target from $69 to $60.
Ritchie Bros Auctioneers Earnings Perspective: Return On Invested Capital
Pulled from Benzinga Pro data, Ritchie Bros Auctioneers (NYSE:RBA) showed a loss in earnings since Q3, totaling $30.58 million. Sales, on the other hand, increased by 9.01% to $359.37 million during Q4.