RB Global, Inc. (NYSE:RBA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $100.21.

A number of research analysts have commented on the company. BMO Capital Markets upped their price target on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. CIBC decreased their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research report on Monday, February 3rd. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada increased their target price on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Robert W. Baird increased their target price on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

RB Global Trading Up 0.9 %

RBA opened at $93.53 on Thursday. The business has a 50 day simple moving average of $91.67 and a two-hundred day simple moving average of $87.30. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 3.82 and a beta of 0.96. 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 has a one year low of $65.79 and a one year high of $99.79.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. RB Global’s payout ratio is currently 63.04%.

Institutional Trading of RB Global

A number of institutional investors and hedge funds have recently modified their holdings of RBA. Squarepoint Ops LLC bought a new stake in shares of RB Global in the 2nd quarter worth $402,000. Creative Planning lifted its position in shares of RB Global by 35.7% in the second quarter. Creative Planning now owns 15,526 shares of the business services provider’s stock valued at $1,186,000 after acquiring an additional 4,081 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of RB Global by 30.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,020 shares of the business services provider’s stock worth $78,000 after buying an additional 241 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of RB Global in the second quarter worth about $544,000. Finally, GAMMA Investing LLC increased its stake in RB Global by 29.3% during the third quarter. GAMMA Investing LLC now owns 1,179 shares of the business services provider’s stock worth $95,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

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.