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

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $111.36.

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Royal Bank of Canada raised their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird raised their price target on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Raymond James lifted their price objective on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets lifted their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th.

RB Global Stock Performance

NYSE RBA opened at $98.85 on Tuesday. 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 has a 1-year low of $69.83 and a 1-year high of $106.90. The business’s 50-day simple moving average is $98.29 and its 200-day simple moving average is $93.71. The firm has a market capitalization of $18.30 billion, a P/E ratio of 49.18, a P/E/G ratio of 4.95 and a beta of 0.90.

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

Insider Transactions at RB Global

In other RB Global news, CRO James J. Jeter sold 600 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total value of $59,178.00. Following the completion of the transaction, the executive now directly owns 19,667 shares in the company, valued at $1,939,756.21. This trade represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Francis Kessler sold 15,700 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the sale, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. This represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,897 shares of company stock valued at $2,338,161 in the last quarter. Insiders own 4.32% of the company’s stock.

Institutional Trading of RB Global

Several large investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of RB Global by 0.3% in the fourth 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 purchasing an additional 113 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of RB Global by 74.5% in the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of RB Global by 49.4% in 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. Summit Trail Advisors LLC lifted its holdings in shares of RB Global by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 137 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of RB Global by 25.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 143 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

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.