Analysts Set RB Global, Inc. (NYSE:RBA) Target Price at $100.36

Shares of RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA have been given an average rating of "Moderate Buy" by the six analysts that are covering the company, MarketBeat reports. One investment 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 brokerages that have issued ratings on the stock in the last year is $100.36.

Several analysts have commented on RBA shares. Robert W. Baird lifted their price target on RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of RB Global from $99.00 to $107.00 and gave the company an "outperform" rating in a report on Monday, November 11th. CIBC lifted their price target on shares of RB Global from $102.00 to $109.00 and gave the company an "outperformer" rating in a report on Thursday, December 12th. BMO Capital Markets increased their target price on RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Finally, StockNews.com raised RB Global from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On RB Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in RB Global by 2.1% in the third quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock worth $406,087,000 after acquiring an additional 103,080 shares during the last quarter. Geode Capital Management LLC raised its position in shares of RB Global by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider's stock worth $297,400,000 after purchasing an additional 108,188 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of RB Global by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider's stock worth $272,293,000 after purchasing an additional 24,101 shares during the last quarter. Fiera Capital Corp boosted its position in RB Global by 5.7% during the 2nd quarter. Fiera Capital Corp now owns 3,143,924 shares of the business services provider's stock valued at $239,881,000 after purchasing an additional 168,945 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in RB Global by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,435,191 shares of the business services provider's stock worth $196,109,000 after buying an additional 354,803 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Trading Down 1.8 %

Shares of RB Global stock traded down $1.61 during trading hours on Friday, reaching $88.75. 541,985 shares of the company's stock were exchanged, compared to its average volume of 607,747. RB Global has a 52-week low of $60.84 and a 52-week high of $99.79. The company has a fifty day moving average of $93.12 and a 200-day moving average of $85.50. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 4.56 and a beta of 0.96.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, November 27th. RB Global's dividend payout ratio (DPR) is presently 63.04%.

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.