RB Global (RBA) Stock Price, News & Analysis

Company Overview

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. The company's brands include GovPlanet, an online marketplace for the sale of government and military assets; RB Auction, an onsite and online marketplace for selling and buying used equipment; IronPlanet, an online marketplace for selling and buying used equipment; Marketplace-E, an online solution that make offers/buy now format; Rouse Appraisals, a certified appraisal service solution; Ritchie List Mascus, an online equipment listing service and B2B dealer portal; CSAToday, an online reporting and analysis tool that gives sellers the ability to manage their vehicle assets and monitor sales performance; and Catastrophe Response Services. In addition, it offers title, data, transportation and logistics, refurbishing, inspection, and financial services. It serves customers across various asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining, and agriculture. RB Global, Inc. was founded in 1958 and is headquartered in Westchester, Illinois.

Key Stats

• Today's Range: $95.63 to $97.83
• 50-Day Range: $78.71 to $95.34
• 52-Week Range: $60.84 to $97.83
• Volume: 1.13 million shs
• Average Volume: 1.01 million shs
• Market Capitalization: $18.04 billion
• P/E Ratio: 53.16
• Dividend Yield: 1.19%
• Price Target: $98.36
• Consensus Rating: Moderate Buy

RB Global Stock Analysis - MarketRank™

RB Global scored higher than 70% of companies evaluated by MarketBeat, and ranked 110th out of 321 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

RB Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

RB Global has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 27.55%

Earnings Growth

Earnings for RB Global are expected to grow by 27.55% in the coming year, from $1.96 to $2.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of RB Global is 53.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of RB Global is 53.16, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 29.62.

Price to Earnings Growth Ratio

RB Global has a PEG Ratio of 4.50. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

RB Global has a P/B Ratio of 3.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.27% of the float of RB Global has been sold short.

Short Interest Ratio / Days to Cover

RB Global has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in RB Global has recently increased by 19.25%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

RB Global pays a meaningful dividend of 1.24%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

RB Global has been increasing its dividend for 20 years.

Dividend Coverage

The dividend payout ratio of RB Global is 63.04%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, RB Global will have a dividend payout ratio of 46.40% next year. This indicates that RB Global will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.27% of the float of RB Global has been sold short.

Short Interest Ratio / Days to Cover

RB Global has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in RB Global has recently increased by 19.25%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.32

News Sentiment

RB Global has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for RB Global this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for RBA on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

6 people have added RB Global to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, RB Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,248,118.00 in company stock.

Percentage Held by Insiders

Only 4.32% of the stock of RB Global is held by insiders.

Percentage Held by Institutions

95.37% of the stock of RB Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RBA Stock Analysis - Frequently Asked Questions

How have RBA shares performed this year?

RB Global's stock was trading at $66.89 at the beginning of the year. Since then, RBA stock has increased by 46.2% and is now trading at $97.81.
View the best growth stocks for 2024 here.

How were RB Global's earnings last quarter?

RB Global, Inc. (NYSE:RBA) announced its earnings results on Tuesday, August, 6th. The business services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The business's revenue for the quarter was down .9% on a year-over-year basis.

Does RB Global have any subsidiaries?

RB Global subsidiaries include Ritchie Bros. Auctioneers (Canada) Ltd., SmartEquip, Euro Auctions, Rouse Services LLC, Kramer Auctions, IronPlanet, Mascus, and others.

Who are RB Global's major shareholders?

RB Global's top institutional investors include Massachusetts Financial Services Co. MA (5.40%), EdgePoint Investment Group Inc. (4.53%), Vontobel Holding Ltd. (4.21%) and State Street Corp (2.74%). Insiders that own company stock include James Francis Kessler, James J Jeter, Darren Jeffrey Watt, Baron Concors, Megan Anne Cash, Erik Olsson, Michael D Sieger, Adam Dewitt, Timothy J O'day, Robert George Elton, Matthew Ackley and Ann Fandozzi.
View institutional ownership trends.

How do I buy shares of RB Global?

Shares of RBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of RB Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that RB Global investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/18 Dividend: 8/28/2024
• Dividend Payable: 9/18/2024
• Today: 11/22/2024
• Ex-Dividend for 12/18 Dividend: 11/27/2024
• Dividend Payable: 12/18/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/28/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NYSE:RBA
• CUSIP: N/A
• CIK: 1046102
• Web: www.rbauction.com
• Phone: (708) 492-7000
• Fax: 778-331-5501
• Employees: 9,600
• Year Founded: 1958

Price Target and Rating

• Average Stock Price Target: $98.36
• High Stock Price Target: $107.00
• Low Stock Price Target: $89.00
• Potential Upside/Downside: +0.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.84
• Trailing P/E Ratio: 53.16
• Forward P/E Ratio: 49.90
• P/E Growth: 4.5
• Net Income: $206.50 million
• Net Margins: 9.06%
• Pretax Margin: 12.05%
• Return on Equity: 7.41%
• Return on Assets: 3.15%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 1.28
• Quick Ratio: 1.17

Sales & Book Value

• Annual Sales: $3.68 billion
• Price / Sales: 4.90
• Cash Flow: $3.83 per share
• Price / Cash Flow: 25.57
• Book Value: $28.26 per share
• Price / Book: 3.46

Miscellaneous

• Outstanding Shares: 184,410,000
• Free Float: 176,442,000
• Market Cap: $18.04 billion
• Optionable: Optionable
• Beta: 0.92