RB Global (TSE:RBA) Shares Down 6.5% – Here’s Why

Shares of RB Global, Inc. (TSE:RBA) (NYSE:RBA) were down 6.5% during mid-day trading on Thursday . The stock traded as low as C$144.45 and last traded at C$144.45. Approximately 138,213 shares traded hands during trading, a decline of 43% from the average daily volume of 242,108 shares. The stock had previously closed at C$154.57.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$124.00 price target on RB Global and gave the company an “outperform” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$124.00.

RB Global Trading Down 11.3%

The company’s 50 day moving average price is C$149.75 and its 200 day moving average price is C$149.49. The firm has a market cap of C$25.46 billion, a PE ratio of 65.29, a price-to-earnings-growth ratio of 2.43 and a beta of 0.55. The company has a debt-to-equity ratio of 74.28, a current ratio of 1.28 and a quick ratio of 1.00.

RB Global (TSE:RBA) (NYSE:RBA) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.93 EPS for the quarter. The company had revenue of C$1.52 billion during the quarter. RB Global had a net margin of 10.01% and a return on equity of 6.35%. As a group, analysts forecast that RB Global, Inc. will post 5.0577819 EPS for the current fiscal year.

RB Global Company Profile

Ritchie Bros. operates the world’s leading marketplace for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. Ritchie Bros. operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms.