RB Global, Inc. (NYSE:RBA) Receives $107.64 Consensus PT from Analysts

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $107.64.

RBA has been the subject of a number of research reports. StockNews.com cut shares of RB Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. CIBC reduced their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday, February 3rd. Raymond James boosted their target price on RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price target on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada raised their price objective on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RBA. CoreCap Advisors LLC lifted its stake in 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 acquiring an additional 117 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of RB Global in the fourth quarter valued at about $27,000. Versant Capital Management Inc raised its holdings in shares of RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 176 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in RB Global during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Stock Up 1.7 %

Shares of RB Global stock opened at $101.36 on Monday. The stock’s 50-day moving average is $93.87 and its 200 day moving average is $90.05. RB Global has a one year low of $69.83 and a one year high of $106.90. The firm has a market cap of $18.73 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 4.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same quarter in the previous year, the company posted $0.82 earnings per share. Equities research analysts anticipate that RB Global will post 2.5 EPS for the current year.

RB Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

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.