This summary was created by AI, based on 1 opinions in the last 12 months.
Ritchie Bros Auctioneers Inc. has been experiencing a notable downturn from its previous high valuations, with many experts expressing concerns about its current market performance. Analysts believe that the stock is approaching its fair market value, yet it remains significantly above this benchmark, estimated to be around 28% undervalued. There are predictions that the stock price could decline further to approximately $85 before it stabilizes. Experts are watching closely to see if market conditions will allow it to recover or if it will continue its downward trend. The situation warrants cautious observation due to the potential for further price adjustments, leading to fluctuating investor sentiment.
Doesn't follow it. The stock has gone nowhere in the past three years. Been a lot of turmoil in the company. The CEO left in a huff about compensation. They operate in a good business with EBITDA margins of 25%, but is volume- and price-driven. The business can be lumpy. They lost a client, but they recently growth good growth. Also, there's growing competition. Always trades at a premium, though. Take a profit or hold.
Amazing success story. Auctions heavy equipment. Takes fees, not much credit risk. The world's recovering, and industrials are booming. Multiple is expensive, but deserved. His preferred way to play is through CPRT. Sees only tailwinds, no headwinds, going forward.
He hasn’t done a seasonal analysis on this one. But right now he would like to see this broken down trend. If it keeps going down, why trying to catch a falling knife. You want to see the stock moving sideways preferably and then ask yourself what is the point to get in. Something else is going, on. This stock should have done better this year.
(A Top Pick Sept 8/15. Up 30.34%.) Interesting in that up until a few days ago, he probably would have been down. One of the leading auction houses for industrial equipment. They just did a large transaction where they are buying an online auction house for $750 million, and financing it primarily with debt and cash on hand.
Because of the uniqueness of the company, it has always been very expensive. This goes with cycles when there is used equipment on the market and there are liquidations, etc. Growing globally, and Canada is just a small part of their operations. Wait for a significant miss or earnings warning before buying this.
The issue here is really the volumes and the used equipment pricing for most of their heavy equipment they sell. Expects there is further pressure for their volumes to come down. He is Short this, mostly to hedge off some of his Long positions. Thinks the stock is near the top in its valuations and he is looking for a 10% drop.
They do a lot of auctions of mining and forestry equipment. Scores high on price momentum and valuation. They beat on their last quarter. The balance sheet is in great shape. A little expensive on a free cash flow basis. The downturns in the industrial sector can actually be good for this company. Dividend yield of 2.4%.
Ritchie Bros Auctioneers Inc. is a Canadian stock, trading under the symbol RBA-T on the Toronto Stock Exchange (RBA-CT). It is usually referred to as TSX:RBA or RBA-T
In the last year, 3 stock analysts published opinions about RBA-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ritchie Bros Auctioneers Inc..
Ritchie Bros Auctioneers Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Ritchie Bros Auctioneers Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Ritchie Bros Auctioneers Inc. In the last year. It is a trending stock that is worth watching.
On 2025-04-03, Ritchie Bros Auctioneers Inc. (RBA-T) stock closed at a price of $138.14.
Has fallen far from its highs and getting closer to its fair market value, but that is still 28% away. It could fall to $85.