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Zacks Investment Research disclosed Ritchie Bros. Auctioneers (USA) (NYSE:RBA), stepping up its target to $42.00 earlier today

Zacks Investment Research bumped up the target of Ritchie Bros. Auctioneers (USA) (NYSE:RBA) to $42.00 stating a potential upside of 0.11%.

Boasting a price of $37.73, Ritchie Bros. Auctioneers (USA) (NYSE:RBA) traded 0.29% higher on the day. With the last stock price close up 12.19% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Ritchie Bros. Auctioneers (USA) has recorded a 50-day average of $35.84 and a two hundred day average of $33.63. Volume of trade was down over the average, with 416,811 shares of RBA changing hands under the typical 599,225

Performance Chart

Ritchie Bros. Auctioneers (USA) (NYSE:RBA)

With a total market value of $0, Ritchie Bros. Auctioneers (USA) has price-earnings ratio of 36.45 with a one year low of $21.03 and a one year high of $38.59 .

A total of 9 equity analysts have released a ratings update on RBA. Three equity analysts rating the company a strong buy, three equity analysts rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $26.49.

Brief Synopsis About Ritchie Bros. Auctioneers (USA) (NYSE:RBA)

Ritchie Bros. Auctioneers Incorporated is a holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces. The Company focuses on the sale of heavy machinery. The Company operates through two segments: Core Auction segment and EquipmentOne segment. Core Auction segment offers a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding. EquipmentOne segment is an online marketplace that facilitates private equipment transactions. The Company sells equipment through unreserved auctions at approximately 40 auction sites across the world. The majority of the assets sold through the Company's sales channels are classified as construction machinery.

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