Raymond James Issues Positive Forecast for RB Global (NYSE:RBA) Stock Price

RB Global (NYSE:RBA - Free Report) TSE: RBA had its price target upped by Raymond James from $110.00 to $118.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Raymond James currently has an outperform rating on the business services provider's stock. Raymond James also issued estimates for RB Global's Q1 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.74 EPS and FY2026 earnings at $2.71 EPS.

Several other research analysts also recently issued reports on RBA. CIBC cut their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada upped their price objective on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday. StockNews.com upgraded RB Global from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. BMO Capital Markets raised their price target on shares of RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Finally, Robert W. Baird boosted their price objective on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $107.64.

RB Global Price Performance

NYSE:RBA traded down $0.92 during trading hours on Wednesday, hitting $102.61. The company's stock had a trading volume of 1,260,994 shares, compared to its average volume of 1,047,941. The business's 50-day moving average is $91.78 and its two-hundred day moving average is $88.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The company has a market capitalization of $18.95 billion, a PE ratio of 51.05, a PEG ratio of 4.36 and a beta of 0.96. RB Global has a 52-week low of $67.15 and a 52-week high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, research analysts anticipate that RB Global will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. RB Global's dividend payout ratio is presently 57.71%.

Hedge Funds Weigh In On RB Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC increased its holdings in shares of RB Global by 74.5% during the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after buying an additional 117 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of RB Global during the fourth quarter valued at approximately $27,000. Versant Capital Management Inc lifted its position in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after purchasing an additional 176 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 during the period. Finally, Proficio Capital Partners LLC acquired a new stake in RB Global during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 95.37% of the company's stock.

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.