RB Global, Inc. (NYSE:RBA) Stock Has Consensus Price Target of $127.57

RB Global, Inc. (NYSE:RBA – Get Free Report) (TSE:RBA) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $127.57.

A number of brokerages have recently weighed in on RBA. Zacks Research lowered RB Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $152.00 price target on shares of RB Global in a research note on Wednesday, September 23rd. Raymond James Financial raised RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a report on Tuesday, June 30th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. Finally, Weiss Ratings downgraded RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th.

Check Out Our Latest Report on RBA

Insider Activity

In other RB Global news, Director Deborah Stein acquired 500 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was acquired at an average price of $80.91 per share, for a total transaction of $40,455.00. Following the purchase, the director directly owned 2,325 shares of the company’s stock, valued at $188,115.75. This trade represents a 27.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Chloe Harford acquired 1,200 shares of the business’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $83.74 per share, with a total value of $100,488.00. Following the acquisition, the director directly owned 1,200 shares in the company, valued at approximately $100,488. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.57% of the stock is owned by insiders.

Institutional Trading of RB Global

A number of institutional investors have recently modified their holdings of RBA. BlackRock Inc. bought a new position in shares of RB Global in the second quarter worth $1,816,059,000. Jupiter Topco LLC acquired a new position in RB Global in the second quarter valued at about $514,871,000. Norges Bank bought a new stake in RB Global during the fourth quarter worth about $231,813,000. Lazard Asset Management LLC bought a new stake in RB Global during the first quarter worth about $210,091,000. Finally, Wellington Management Group LLP acquired a new stake in RB Global during the second quarter worth about $201,813,000. 95.37% of the stock is currently owned by institutional investors.

RB Global Stock Up 0.3%

Shares of RBA opened at $81.60 on Tuesday. The firm has a market cap of $14.79 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.31. RB Global has a 52 week low of $78.05 and a 52 week high of $119.33. The firm’s 50-day simple moving average is $89.44 and its 200 day simple moving average is $99.66.

RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.04. RB Global had a net margin of 9.99% and a return on equity of 12.37%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, analysts forecast that RB Global will post 4.06 earnings per share for the current year.

RB Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, August 25th were given a dividend of $0.33 per share. This is a positive change from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 25th. RB Global’s payout ratio is 56.65%.

About RB Global

(Get Free Report)

RB Global, Inc (NYSE: RBA) is a global marketplace and service provider for used commercial and industrial assets. The company connects buyers and sellers of construction and agricultural equipment, trucks, trailers, transportation assets, vehicles and other specialized equipment through live auctions, online auctions and fixed-price marketplaces.

Its portfolio includes the Ritchie Bros. auction business, IronPlanet, Marketplace-E, GovPlanet, TruckPlanet, Rouse and SmartEquip. RB Global also operates IAA, a marketplace focused on salvage vehicles and automotive remarketing.

Recommended Stories

Analyst Recommendations for RB Global (NYSE:RBA)

Receive News & Ratings for RB Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RB Global and related companies with MarketBeat.com's FREE daily email newsletter.