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

Shares of RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA have earned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $107.64.

Several brokerages recently issued reports on RBA. BMO Capital Markets boosted their price target on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Raymond James upped their target price on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Royal Bank of Canada raised their price target on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com cut shares of RB Global from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird raised their target price on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th.

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Institutional Investors Weigh In On RB Global

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in RB Global by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after purchasing an additional 358,752 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of RB Global by 9.8% during the fourth quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock worth $762,378,000 after buying an additional 753,700 shares in the last quarter. State Street Corp lifted its stake in shares of RB Global by 2.1% in the 3rd quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock valued at $406,087,000 after acquiring an additional 103,080 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of RB Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock valued at $357,434,000 after acquiring an additional 264,778 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in RB Global by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock worth $307,033,000 after acquiring an additional 19,895 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Stock Performance

Shares of RBA traded down $0.57 during midday trading on Monday, reaching $99.62. 985,419 shares of the stock were exchanged, compared to its average volume of 1,056,591. The stock's 50 day simple moving average is $93.49 and its 200 day simple moving average is $89.76. The company has a market cap of $18.40 billion, a P/E ratio of 49.56, a PEG ratio of 4.95 and a beta of 0.96. RB Global has a twelve month low of $69.83 and a twelve month high of $106.90. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued 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 return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm earned $0.82 EPS. On average, sell-side analysts expect that RB Global will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, February 14th. RB Global's payout ratio is 57.71%.

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.