Ritchie Bros. Auctioneers (RBA) Stock Forecast, Price Target & Predictions
RBA Stock Forecast
Ritchie Bros. Auctioneers stock forecast is as follows: an average price target of $78.70 (represents a -16.04% downside from RBA’s last price of $93.74) 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 $78.70 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $107.00 to $56.00. This represents a potential -16.04% downside from RBA's last price of $93.74.
RBA Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 11, 2024 | John Gibson | BMO Capital | $107.00 | $86.50 | 23.70% | 14.15% |
| Sep 04, 2024 | John Gibson | BMO Capital | $105.00 | $83.96 | 25.06% | 12.01% |
| Aug 26, 2024 | Michael Feniger | Bank of America Securities | $92.50 | $85.67 | 7.97% | -1.32% |
| Dec 05, 2022 | - | Scotiabank | $65.00 | $54.45 | 19.38% | -30.66% |
| Aug 23, 2022 | Sabahat Khan | RBC Capital | $73.00 | $70.87 | 3.01% | -22.13% |
| Jul 12, 2022 | Maxim Sytchev | National Bank | $56.00 | $66.32 | -15.56% | -40.26% |
The latest Ritchie Bros. Auctioneers stock forecast, released on Nov 11, 2024 by John Gibson from BMO Capital, set a price target of $107.00, which represents a 23.70% increase from the stock price at the time of the forecast ($86.50), and a 14.15% increase from RBA last price ($93.74).
Ritchie Bros. Auctioneers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 3 |
| Avg Price Target | $107.00 | $101.50 | $101.50 |
| Last Closing Price | $93.74 | $93.74 | $93.74 |
| Upside/Downside | 14.15% | 8.28% | 8.28% |
In the current month, the average price target of Ritchie Bros. Auctioneers stock is $107.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 14.15% increase as opposed to Ritchie Bros. Auctioneers's last price of $93.74. This month's average price target is up 5.42% compared to last quarter, and up 5.42% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 11, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Sep 04, 2024 | BMO Capital | - | Outperform | Initialise |
| Aug 07, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Aug 07, 2024 | CIBC | Outperform | Outperform | Hold |
| Jun 18, 2024 | CIBC | - | Outperform | Initialise |
| Jul 20, 2023 | Barclays | - | Equal-Weight | Initialise |
| Jul 20, 2023 | Credit Suisse | - | Neutral | Upgrade |
| Jul 20, 2023 | Wells Fargo | - | Overweight | Initialise |
| Jul 20, 2023 | Wolfe Research | - | Underperform | Initialise |
| Jul 20, 2023 | Keefe, Bruyette & Woods | - | Market Perform | Downgrade |
Ritchie Bros. Auctioneers's last stock rating was published by BMO Capital on Nov 11, 2024. The company gave RBA a "Outperform" rating, the same as its previous rate.
Ritchie Bros. Auctioneers Financial Forecast
Ritchie Bros. Auctioneers Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.02B | $1.11B | $512.40M | $443.86M | $411.48M | $484.55M | $393.92M | $359.37M | $329.68M | $396.36M | $331.56M | $383.41M | $331.54M | $389.05M | $273.25M | $332.19M | $289.80M |
| Avg Forecast | $1.85B | $1.72B | $1.60B | $1.50B | $1.11B | $1.03B | $1.12B | $1.06B | $1.05B | $1.03B | $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 |
| High Forecast | $1.92B | $1.79B | $1.67B | $1.55B | $1.15B | $1.07B | $1.16B | $1.10B | $1.07B | $1.07B | $1.18B | $1.05B | $1.09B | $975.55M | $1.09B | $452.39M | $438.68M | $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 |
| Low Forecast | $1.80B | $1.68B | $1.57B | $1.46B | $1.09B | $1.01B | $1.09B | $1.03B | $1.04B | $1.01B | $1.11B | $984.35M | $1.05B | $917.15M | $1.03B | $425.31M | $412.42M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.05% | 1.18% | 1.05% | 1.16% | 1.11% | 1.12% | 0.92% | 1.03% | 0.96% | 1.12% | 0.99% | 1.10% | 1.14% | 0.92% | 0.88% | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $123.90M | $164.10M | $150.00M | $114.52M | $97.72M | $125.83M | $101.09M | $78.16M | $79.28M | $115.72M | $69.80M | $96.79M | $90.87M | $110.41M | $60.27M | $105.51M | $59.81M |
| Avg Forecast | $489.97M | $456.75M | $425.79M | $396.92M | $294.64M | $273.72M | $296.07M | $280.82M | $279.43M | $273.05M | $300.20M | $267.26M | $283.15M | $249.02M | $279.01M | $115.48M | $112.11M | $94.54M | $116.17M | $93.85M | $104.45M | $85.04M | $110.54M | $64.21M | $102.73M | $80.31M | $91.00M | $60.27M | $100.82M | $76.89M |
| High Forecast | $509.26M | $474.73M | $442.54M | $412.54M | $306.23M | $284.49M | $307.72M | $291.88M | $284.81M | $283.79M | $312.02M | $277.78M | $288.59M | $258.82M | $289.99M | $120.02M | $134.54M | $94.54M | $116.17M | $93.85M | $104.45M | $85.04M | $110.54M | $77.05M | $102.73M | $80.31M | $91.00M | $72.33M | $100.82M | $76.89M |
| Low Forecast | $478.77M | $446.31M | $416.05M | $387.84M | $287.90M | $267.46M | $289.30M | $274.40M | $276.75M | $266.80M | $293.34M | $261.15M | $277.70M | $243.32M | $272.63M | $112.84M | $89.69M | $94.54M | $116.17M | $93.85M | $104.45M | $85.04M | $110.54M | $51.37M | $102.73M | $80.31M | $91.00M | $48.22M | $100.82M | $76.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.50% | 0.59% | 1.30% | 1.02% | 1.03% | 1.08% | 1.08% | 0.75% | 0.93% | 1.05% | 1.09% | 0.94% | 1.13% | 1.21% | 1.00% | 1.05% | 0.78% |
5 analysts predict RBA's average Quarter EBITDA for Dec 23 to be $283.15M, with a high of $288.59M and a low of $277.70M. This is 128.53% upper than Ritchie Bros. Auctioneers's previous annual EBITDA (Sep 23) of $123.90M.
Ritchie Bros. Auctioneers Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $63.40M | $86.90M | $-28.20M | $45.29M | $42.91M | $53.37M | $178.09M | $30.58M | $32.34M | $60.75M | $28.19M | $48.86M | $45.39M | $53.04M | $22.81M | $51.57M | $25.27M |
| Avg Forecast | $191.29M | $158.18M | $220.72M | $209.68M | $173.36M | $145.77M | $183.01M | $174.74M | $144.65M | $125.14M | $160.95M | $787.37M | $132.72M | $92.06M | $131.48M | $842.10M | $43.89M | $70.47M | $116.42M | $900.65M | $108.33M | $58.45M | $113.23M | $25.93M | $104.34M | $52.88M | $67.93M | $22.81M | $76.67M | $41.32M |
| High Forecast | $201.08M | $166.27M | $232.01M | $220.41M | $182.22M | $153.22M | $192.38M | $186.01M | $152.07M | $126.69M | $161.68M | $944.84M | $158.09M | $92.58M | $138.21M | $1.01B | $52.67M | $70.47M | $116.42M | $1.08B | $108.33M | $58.45M | $113.23M | $31.12M | $104.34M | $52.88M | $67.93M | $27.37M | $76.67M | $41.32M |
| Low Forecast | $185.60M | $153.48M | $214.16M | $203.45M | $168.20M | $141.43M | $177.57M | $159.70M | $131.67M | $123.60M | $160.21M | $629.89M | $117.11M | $91.54M | $127.57M | $673.68M | $35.11M | $70.47M | $116.42M | $720.52M | $108.33M | $58.45M | $113.23M | $20.75M | $104.34M | $52.88M | $67.93M | $18.25M | $76.67M | $41.32M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.66% | -0.03% | 1.03% | 0.61% | 0.46% | 0.20% | 0.28% | 0.55% | 0.54% | 1.09% | 0.47% | 0.86% | 0.78% | 1.00% | 0.67% | 0.61% |
Ritchie Bros. Auctioneers's average Quarter net income forecast for Dec 23 is $132.72M, with a range of $117.11M to $158.09M. RBA's average Quarter net income forecast represents a 109.34% increase compared to the company's last Quarter net income of $63.40M (Sep 23).
Ritchie Bros. Auctioneers SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $203.50M | $194.50M | $148.20M | $135.86M | $133.19M | $144.28M | $126.61M | $128.12M | $108.58M | $111.82M | $116.08M | $127.66M | $128.62M | $118.49M | $117.68M | $95.80M | $93.69M |
| Avg Forecast | $529.68M | $493.77M | $460.30M | $429.09M | $318.52M | $295.90M | $320.06M | $303.58M | $302.08M | $295.18M | $324.53M | $559.74M | $306.10M | $269.20M | $301.63M | $124.83M | $183.79M | $101.72M | $124.98M | $100.97M | $112.38M | $91.49M | $118.93M | $106.79M | $110.53M | $86.40M | $97.90M | $117.68M | $108.47M | $82.72M |
| High Forecast | $550.53M | $513.20M | $478.41M | $445.97M | $331.05M | $307.54M | $332.66M | $315.53M | $307.89M | $306.79M | $337.30M | $671.68M | $311.98M | $279.79M | $313.50M | $129.75M | $220.55M | $101.72M | $124.98M | $100.97M | $112.38M | $91.49M | $118.93M | $128.15M | $110.53M | $86.40M | $97.90M | $141.21M | $108.47M | $82.72M |
| Low Forecast | $517.57M | $482.48M | $449.77M | $419.28M | $311.23M | $289.13M | $312.75M | $296.64M | $299.18M | $288.43M | $317.11M | $447.79M | $300.21M | $263.04M | $294.73M | $121.98M | $147.03M | $101.72M | $124.98M | $100.97M | $112.38M | $91.49M | $118.93M | $85.43M | $110.53M | $86.40M | $97.90M | $94.14M | $108.47M | $82.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 0.64% | 1.19% | 0.74% | 1.31% | 1.15% | 1.25% | 1.14% | 1.19% | 0.94% | 1.09% | 1.15% | 1.49% | 1.21% | 1.00% | 0.88% | 1.13% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.23 | $0.41 | $0.39 | $0.48 | $1.61 | $0.28 | $0.29 | $0.55 | $0.26 | $0.45 | $0.42 | $0.49 | $0.21 | $0.47 | $0.23 |
| Avg Forecast | $1.03 | $0.85 | $1.19 | $1.13 | $0.93 | $0.79 | $0.99 | $0.94 | $0.78 | $0.67 | $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 |
| High Forecast | $1.08 | $0.90 | $1.25 | $1.19 | $0.98 | $0.83 | $1.04 | $1.00 | $0.82 | $0.68 | $0.87 | $0.72 | $0.85 | $0.50 | $0.75 | $0.52 | $0.61 | $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 |
| Low Forecast | $1.00 | $0.83 | $1.15 | $1.10 | $0.91 | $0.76 | $0.96 | $0.86 | $0.71 | $0.67 | $0.86 | $0.71 | $0.63 | $0.49 | $0.69 | $0.48 | $0.57 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.46% | 0.70% | 1.02% | 0.76% | 5.81% | 0.48% | 0.92% | 0.90% | 1.10% | 0.80% | 1.47% | 1.33% | 1.05% | 1.13% | 1.03% |
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 $0.48 and a high estimate of $0.52. 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PFMT | Performant Financial | $2.92 | $8.00 | 173.97% | Buy |
| CTAS | Cintas | $218.75 | $393.06 | 79.68% | Buy |
| GPN | Global Payments | $114.83 | $157.66 | 37.30% | Buy |
| MMS | Maximus | $80.53 | $110.00 | 36.60% | - |
| FA | First Advantage | $18.25 | $21.00 | 15.07% | Hold |
| CASS | Cass Information Systems | $43.90 | $45.00 | 2.51% | Buy |
| ARMK | Aramark | $38.95 | $39.45 | 1.28% | Buy |
| AZZ | AZZ | $87.66 | $87.17 | -0.56% | Buy |
| TRI | Thomson Reuters | $160.74 | $148.10 | -7.86% | Hold |
| ABM | ABM Industries | $55.58 | $47.00 | -15.44% | Buy |
| RBA | Ritchie Bros. Auctioneers | $93.74 | $78.70 | -16.04% | Buy |
| CPRT | Copart | $55.42 | $35.50 | -35.94% | Buy |
| RELX | RELX | $45.11 | $26.00 | -42.36% | Hold |