Ritchie Bros. Auctioneers (RBA) Stock Forecast, Price Target & Predictions


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RBA Stock Forecast


Ritchie Bros. Auctioneers stock forecast is as follows: an average price target of $78.30 (represents a -7.99% downside from RBA’s last price of $85.10) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

RBA Price Target


The average price target for Ritchie Bros. Auctioneers (RBA) is $78.30 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $56.00. This represents a potential -7.99% downside from RBA's last price of $85.10.

RBA Analyst Ratings


Buy

According to 17 Wall Street analysts, Ritchie Bros. Auctioneers's rating consensus is 'Buy'. The analyst rating breakdown for RBA stock is 0 'Strong Buy' (0.00%), 12 'Buy' (70.59%), 5 'Hold' (29.41%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Ritchie Bros. Auctioneers Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024John GibsonBMO Capital$105.00$83.9625.06%23.38%
Aug 26, 2024Michael FenigerBank of America Securities$92.50$85.677.97%8.70%
Dec 05, 2022-Scotiabank$65.00$54.4519.38%-23.62%
Aug 23, 2022Sabahat KhanRBC Capital$73.00$70.873.01%-14.22%
Jul 12, 2022Maxim SytchevNational Bank$56.00$66.32-15.56%-34.20%
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The latest Ritchie Bros. Auctioneers stock forecast, released on Sep 04, 2024 by John Gibson from BMO Capital, set a price target of $105.00, which represents a 25.06% increase from the stock price at the time of the forecast ($83.96), and a 23.38% increase from RBA last price ($85.10).

Ritchie Bros. Auctioneers Price Target by Period


1M3M12M
# Anlaysts222
Avg Price Target$98.75$98.75$98.75
Last Closing Price$85.10$85.10$85.10
Upside/Downside16.04%16.04%16.04%

In the current month, the average price target of Ritchie Bros. Auctioneers stock is $98.75, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 16.04% increase as opposed to Ritchie Bros. Auctioneers's last price of $85.10. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024BMO Capital-OutperformInitialise
Aug 07, 2024RBC CapitalOutperformOutperformHold
Aug 07, 2024CIBCOutperformOutperformHold
Jun 18, 2024CIBC-OutperformInitialise
Jul 20, 2023Barclays-Equal-WeightInitialise
Jul 20, 2023Credit Suisse-NeutralUpgrade
Jul 20, 2023Wells Fargo-OverweightInitialise
Jul 20, 2023Wolfe Research-UnderperformInitialise
Jul 20, 2023Keefe, Bruyette & Woods-Market PerformDowngrade
Jul 20, 2023RBC CapitalOutperformUnderperformDowngrade
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Ritchie Bros. Auctioneers's last stock rating was published by BMO Capital on Sep 04, 2024. The company Initialise its RBA rating from "null" to "Outperform".

Ritchie Bros. Auctioneers Financial Forecast


Ritchie Bros. Auctioneers Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
Revenue---------$1.02B$1.11B$512.40M$443.86M$411.48M-$393.92M$359.37M$329.68M$396.36M$331.56M$383.41M$331.54M$389.05M$273.25M$332.19M$289.80M$393.22M$303.43M$355.97M$245.35M
Avg Forecast$1.13B$1.07B$1.16B$1.10B$1.06B$1.04B$1.13B$1.01B$1.07B$938.62M$1.05B$435.26M$422.07M$354.66M$435.77M$352.07M$391.84M$319.01M$414.67M$297.35M$385.38M$301.25M$341.35M$297.75M$378.21M$288.42M$352.07M$181.27M$400.47M$245.35M
High Forecast$1.19B$1.13B$1.22B$1.16B$1.12B$1.08B$1.19B$1.06B$1.09B$990.39M$1.11B$459.28M$445.35M$374.22M$435.77M$365.00M$406.23M$330.73M$429.90M$308.27M$399.53M$312.31M$353.89M$308.69M$392.10M$299.01M$365.00M$187.93M$480.56M$294.42M
Low Forecast$1.08B$1.03B$1.11B$1.05B$1.02B$1.02B$1.08B$965.23M$1.05B$899.34M$1.01B$417.05M$404.41M$339.82M$435.77M$335.64M$373.56M$304.13M$395.32M$283.47M$367.40M$287.19M$325.42M$283.86M$360.56M$274.96M$335.64M$172.81M$320.37M$196.28M
# Analysts33334544544433112225555544441020
Surprise %---------1.09%1.05%1.18%1.05%1.16%-1.12%0.92%1.03%0.96%1.12%0.99%1.10%1.14%0.92%0.88%1.00%1.12%1.67%0.89%1.00%

Ritchie Bros. Auctioneers's average Quarter revenue forecast for Dec 23 based on 5 analysts is $1.07B, with a low forecast of $1.05B, and a high forecast of $1.09B. RBA's average Quarter revenue forecast represents a 4.66% increase compared to the company's last Quarter revenue of $1.02B (Sep 23).

Ritchie Bros. Auctioneers EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts33334544544433112225555544441020
EBITDA---------$123.90M$164.10M$150.00M$114.52M$97.72M-$101.09M$78.16M$79.28M$115.72M$69.80M$96.79M$90.87M$110.41M$60.27M$105.51M$59.81M$96.67M$52.73M$76.37M$55.13M
Avg Forecast$301.18M$285.57M$308.25M$292.70M$283.63M$276.94M$301.64M$268.54M$284.51M$250.21M$280.35M$116.03M$112.51M$74.51M$116.17M$93.85M$101.92M$58.90M$127.11M$64.21M$108.89M$53.31M$65.65M$60.27M$90.07M$57.09M$83.18M$62.78M$84.86M$55.13M
High Forecast$317.79M$301.33M$325.25M$308.85M$299.27M$287.70M$318.28M$283.35M$289.98M$264.01M$295.82M$122.43M$118.72M$89.41M$116.17M$97.30M$122.31M$70.68M$152.53M$77.05M$130.67M$63.97M$78.78M$72.33M$108.09M$68.51M$99.81M$75.33M$101.83M$66.15M
Low Forecast$288.57M$273.62M$295.35M$280.46M$271.76M$271.57M$289.02M$257.30M$279.04M$239.74M$268.62M$111.18M$107.80M$59.60M$116.17M$89.47M$81.54M$47.12M$101.69M$51.37M$87.11M$42.65M$52.52M$48.22M$72.06M$45.67M$66.54M$50.22M$67.89M$44.10M
Surprise %---------0.50%0.59%1.29%1.02%1.31%-1.08%0.77%1.35%0.91%1.09%0.89%1.70%1.68%1.00%1.17%1.05%1.16%0.84%0.90%1.00%

5 analysts predict RBA's average Quarter EBITDA for Dec 23 to be $284.51M, with a high of $289.98M and a low of $279.04M. This is 129.63% upper than Ritchie Bros. Auctioneers's previous annual EBITDA (Sep 23) of $123.90M.

Ritchie Bros. Auctioneers Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts33334544544433112225555544441020
Net Income---------$63.40M$86.90M$-28.20M$45.29M$42.91M-$178.09M$30.58M$32.34M$60.75M$28.19M$48.86M$45.39M$53.04M$22.81M$51.57M$25.27M$54.04M$18.16M$35.49M$23.14M
Avg Forecast$171.02M$144.71M$178.54M$175.72M$147.17M$129.22M$160.44M$787.37M$132.30M$91.77M$131.07M$842.10M$107.91M$30.39M$116.22M$900.65M$39.90M$24.02M$66.72M$25.93M$54.96M$26.63M$31.54M$22.81M$44.03M$24.12M$46.50M$21.62M$39.43M$23.14M
High Forecast$183.29M$155.09M$191.34M$188.32M$157.72M$134.68M$171.94M$944.84M$157.59M$98.35M$140.47M$1.01B$115.65M$36.46M$116.22M$1.08B$47.88M$28.83M$80.07M$31.12M$65.96M$31.95M$37.85M$27.37M$52.83M$28.94M$55.80M$25.95M$47.31M$27.77M
Low Forecast$161.72M$136.84M$168.83M$166.16M$139.16M$123.76M$151.71M$629.89M$116.74M$86.78M$123.94M$673.68M$102.04M$24.31M$116.22M$720.52M$31.92M$19.22M$53.38M$20.75M$43.97M$21.30M$25.23M$18.25M$35.22M$19.29M$37.20M$17.30M$31.54M$18.51M
Surprise %---------0.69%0.66%-0.03%0.42%1.41%-0.20%0.77%1.35%0.91%1.09%0.89%1.70%1.68%1.00%1.17%1.05%1.16%0.84%0.90%1.00%

Ritchie Bros. Auctioneers's average Quarter net income forecast for Dec 23 is $132.30M, with a range of $116.74M to $157.59M. RBA's average Quarter net income forecast represents a 108.68% increase compared to the company's last Quarter net income of $63.40M (Sep 23).

Ritchie Bros. Auctioneers SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts33334544544433112225555544441020
SG&A---------$203.50M$194.50M$148.20M$135.86M$133.19M-$126.61M$128.12M$108.58M$111.82M$116.08M$127.66M$128.62M$118.49M$117.68M$95.80M$93.69M$97.71M$95.18M$95.62M$88.32M
Avg Forecast$324.03M$307.24M$331.64M$314.91M$305.15M$297.96M$324.53M$559.74M$306.10M$269.20M$301.63M$124.83M$121.05M$102.03M$124.98M$100.97M$167.08M$80.66M$122.82M$106.79M$143.61M$75.46M$70.45M$117.68M$81.78M$89.43M$84.08M$113.31M$106.25M$88.32M
High Forecast$341.90M$324.19M$349.94M$332.29M$321.98M$309.53M$342.43M$671.68M$311.98M$284.05M$318.27M$131.72M$127.73M$122.44M$124.98M$104.68M$200.50M$96.79M$147.38M$128.15M$172.33M$90.55M$84.54M$141.21M$98.14M$107.32M$100.90M$135.98M$127.50M$105.99M
Low Forecast$310.47M$294.39M$317.76M$301.74M$292.38M$292.17M$310.95M$447.79M$300.21M$257.93M$289.01M$119.61M$115.98M$81.63M$124.98M$96.26M$133.67M$64.53M$98.25M$85.43M$114.89M$60.37M$56.36M$94.14M$65.42M$71.55M$67.26M$90.65M$85.00M$70.66M
Surprise %---------0.76%0.64%1.19%1.12%1.31%-1.25%0.77%1.35%0.91%1.09%0.89%1.70%1.68%1.00%1.17%1.05%1.16%0.84%0.90%1.00%

Ritchie Bros. Auctioneers's average Quarter SG&A projection for Dec 23 is $306.10M, based on 5 Wall Street analysts, with a range of $300.21M to $311.98M. The forecast indicates a 50.42% rise compared to RBA last annual SG&A of $203.50M (Sep 23).

Ritchie Bros. Auctioneers EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts33334544544433112225555544441020
EPS-----------$-0.23$0.41$0.39-$1.61$0.28$0.29$0.55$0.26$0.45$0.42$0.49$0.21$0.47$0.23$0.50$0.17$0.33$0.21
Avg Forecast$0.92$0.78$0.97$0.95$0.80$0.70$0.87$0.71$0.72$0.50$0.71$0.50$0.58$0.38$0.63$0.28$0.59$0.32$0.61$0.24$0.56$0.29$0.37$0.20$0.41$0.22$0.43$0.21$0.40$0.18
High Forecast$0.99$0.84$1.03$1.02$0.85$0.73$0.93$0.77$0.85$0.53$0.76$0.53$0.63$0.41$0.63$0.29$0.61$0.33$0.64$0.25$0.59$0.30$0.38$0.21$0.43$0.23$0.45$0.22$0.48$0.22
Low Forecast$0.87$0.74$0.91$0.90$0.75$0.67$0.82$0.68$0.63$0.47$0.67$0.47$0.55$0.36$0.63$0.26$0.55$0.30$0.58$0.22$0.53$0.27$0.35$0.19$0.39$0.21$0.41$0.20$0.32$0.14
Surprise %------------0.46%0.70%1.02%-5.81%0.48%0.92%0.90%1.10%0.80%1.47%1.33%1.05%1.13%1.03%1.15%0.81%0.82%1.17%

According to 4 Wall Street analysts, Ritchie Bros. Auctioneers's projected average Quarter EPS for Mar 23 is $0.50, with a low estimate of $0.47 and a high estimate of $0.53. This represents a 21.27% increase compared to RBA previous annual EPS of $0.41 (Dec 22).

Ritchie Bros. Auctioneers Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CTASCintas$207.77$602.25189.86%Buy
PFMTPerformant Financial$3.85$8.00107.79%Buy
GPNGlobal Payments$110.44$163.7948.31%Buy
MMSMaximus$88.70$110.0024.01%-
AZZAZZ$78.57$87.1710.95%Buy
FAFirst Advantage$19.56$21.007.36%Hold
CASSCass Information Systems$41.99$44.004.79%Buy
ARMKAramark$38.21$39.703.90%Buy
RBARitchie Bros. Auctioneers$85.10$78.30-7.99%Buy
ABMABM Industries$51.61$47.00-8.93%Buy
TRIThomson Reuters$172.70$148.10-14.24%Hold
CPRTCopart$50.23$35.50-29.33%Buy
RELXRELX$47.71$26.00-45.50%Hold

RBA Forecast FAQ


Yes, according to 17 Wall Street analysts, Ritchie Bros. Auctioneers (RBA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 70.59% of RBA's total ratings.

Ritchie Bros. Auctioneers (RBA) average price target is $78.3 with a range of $56 to $105, implying a -7.99% from its last price of $85.1. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for RBA stock, the company can go down by -7.99% (from the last price of $85.1 to the average price target of $78.3), up by 23.38% based on the highest stock price target, and down by -34.20% based on the lowest stock price target.

RBA's average twelve months analyst stock price target of $78.3 does not support the claim that Ritchie Bros. Auctioneers can reach $130 in the near future.

2 Wall Street analysts forecast a $98.75 price target for Ritchie Bros. Auctioneers (RBA) this month, up 16.04% from its last price of $85.1. Compared to the last 3 and 12 months, the average price target increased by 16.04% and increased by 16.04%, respectively.

Ritchie Bros. Auctioneers's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $4.24B (high $4.46B, low $4.09B), average EBITDA is $1.13B (high $1.19B, low $1.09B), average net income is $1.22B (high $1.41B, low $1.04B), average SG&A $1.49B (high $1.65B, low $1.34B), and average EPS is $3.08 (high $3.28, low $2.92). RBA's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.46B (high $4.7B, low $4.27B), average EBITDA is $1.19B (high $1.25B, low $1.14B), average net income is $669.99M (high $718.04M, low $633.55M), average SG&A $1.28B (high $1.35B, low $1.22B), and average EPS is $3.62 (high $3.88, low $3.43).

Based on Ritchie Bros. Auctioneers's last annual report (Dec 2022), the company's revenue was $1.73B, beating the average analysts forecast of $1.56B by 10.82%. Apple's EBITDA was $444.61M, beating the average prediction of $397.03M by 11.98%. The company's net income was $319.66M, missing the average estimation of $1.16B by -72.33%. Apple's SG&A was $539.93M, beating the average forecast of $449.04M by 20.24%. Lastly, the company's EPS was $2.89, beating the average prediction of $1.87 by 54.44%. In terms of the last quarterly report (Sep 2023), Ritchie Bros. Auctioneers's revenue was $1.02B, beating the average analysts' forecast of $938.62M by 8.65%. The company's EBITDA was $123.9M, missing the average prediction of $250.21M by -50.48%. Ritchie Bros. Auctioneers's net income was $63.4M, missing the average estimation of $91.77M by -30.91%. The company's SG&A was $203.5M, missing the average forecast of $269.2M by -24.40%. Lastly, the company's EPS was $0, missing the average prediction of $0.496 by -100.00%