RB Global (NYSE:RBA) Price Target Raised to $120.00 at BMO Capital Markets

RB Global (NYSE:RBA) (TSE:RBA) had its price objective increased by BMO Capital Markets from $116.00 to $120.00 in a report published on Wednesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the business services provider’s stock.

A number of other research firms have also recently weighed in on RBA. CIBC lowered their target price on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird lifted their target price on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada lifted their target price on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Raymond James lifted their price target on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

RB Global Trading Up 8.2 %

Shares of RB Global stock opened at $104.43 on Wednesday. The company’s fifty day simple moving average is $91.62 and its 200-day simple moving average is $88.14. The stock has a market capitalization of $19.29 billion, a PE ratio of 56.76, a P/E/G ratio of 4.01 and a beta of 0.96. RB Global has a 1-year low of $65.99 and a 1-year high of $106.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.06% and a return on equity of 7.41%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the firm posted $0.82 EPS. As a group, equities analysts anticipate that RB Global will post 1.96 earnings per share for the current year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.11%. RB Global’s dividend payout ratio is currently 63.04%.

Institutional Trading of RB Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of RB Global by 0.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider’s stock valued at $3,674,000 after buying an additional 113 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of RB Global by 74.5% during the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after buying an additional 129 shares in the last quarter. Weil Company Inc. raised its position in shares of RB Global by 1.2% during the 3rd quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock valued at $912,000 after buying an additional 132 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of RB Global by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock valued at $279,000 after buying an additional 137 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

RB Global Company Profile

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.