RB Global (TSE:RBA) Upgraded by Barclays to Strong-Buy Rating

RB Global (TSE:RBA) (NYSE:RBA) was upgraded by research analysts at Barclays to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Stephens upgraded shares of RB Global to a “hold” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$124.00.

RB Global Stock Performance

Shares of RBA stock opened at C$145.93 on Thursday. The company has a debt-to-equity ratio of 69.55, a quick ratio of 1.00 and a current ratio of 1.14. The company has a market capitalization of C$27.19 billion, a P/E ratio of 67.87, a price-to-earnings-growth ratio of 2.43 and a beta of 0.27. The company’s 50 day moving average price is C$137.45 and its two-hundred day moving average price is C$142.12. RB Global has a 52 week low of C$129.44 and a 52 week high of C$164.85.

RB Global (TSE:RBA) (NYSE:RBA) last announced its earnings results on Monday, May 4th. The company reported C$1.40 EPS for the quarter. The firm had revenue of C$1.23 billion for the quarter. RB Global had a net margin of 9.53% and a return on equity of 7.47%. On average, analysts expect that RB Global will post 5.0577819 earnings per share for the current fiscal year.

RB Global announced that its Board of Directors has approved a stock repurchase program on Monday, March 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

About RB Global

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.