RB Global (RBA) Stock Forecast & Price Target

C$136.69 +3.51 (+2.64%)

(As of 11/22/2024 ET)

RB Global - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Buy

Based on 2 Analyst Ratings

Sell
0

Hold
0

Buy
2

Based on 2 Wall Street analysts who have issued ratings for RB Global in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 2 analysts, 1 has given a buy rating, and 1 has given a strong buy rating for RBA.

Consensus Price Target

C$76.00
-44.40% Downside

According to the 2 analysts' twelve-month price targets for RB Global, the average price target is C$76.00. The highest price target for RBA is C$76.00, while the lowest price target for RBA is C$76.00. The average price target represents a forecasted downside of -44.40% from the current price of C$136.69.

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RBA Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$76.00	C$75.67	C$75.67	C$75.50
Forecasted Upside	-44.40% Downside	-35.45% Downside	-34.68% Downside	-11.42% Downside
Consensus Rating	Strong Buy	Buy	Buy	Buy

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RBA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RBA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

RB Global Stock vs. The Competition

Type	RB Global	Industrials Companies
Consensus Rating Score	3.50	2.72
Consensus Rating	Strong Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent RBA News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	BMO Capital Markets 4 of 5 stars	J. Gibson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
2/6/2024	Scotiabank 5 of 5 stars		Boost Target	Outperform	C$74.00 ➝ C$76.00	-13.58%
11/10/2023	Raymond James 4 of 5 stars		Boost Target	Outperform	C$75.00 ➝ C$78.00	-7.58%
11/10/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$75.00 ➝ C$73.00	-13.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:46 AM ET.

Should I Buy RB Global Stock? RBA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these RB Global pros and cons to contact@marketbeat.com.

RB Global
Bull Case

Here are some ways that investors could benefit from investing in RB Global, Inc.:

The stock recently reached a new 52-week high, trading at C$120.04, indicating strong market performance and investor confidence.
RB Global, Inc. has been upgraded to a "strong-buy" rating by BMO Capital Markets, suggesting that analysts expect significant growth potential.
The company has increased its dividend to C$1.602 per share, up from C$1.49, reflecting a commitment to returning value to shareholders.
With a market capitalization of C$22.22 billion and a P/E ratio of 48.41, RB Global, Inc. is positioned as a significant player in its industry, which may attract institutional investors.
The firm reported a net margin of 8.68% and a return on equity of 6.61%, indicating effective management and profitability, which are positive signs for potential investors.

RB Global
Bear Case

Investors should be bearish about investing in RB Global, Inc. for these reasons:

The company missed earnings expectations in its latest quarterly report, with EPS of C$0.74 compared to the consensus estimate of C$0.82, which may raise concerns about future performance.
RB Global, Inc. has a high debt-to-equity ratio of 80.04, indicating that the company relies heavily on debt financing, which can be risky in volatile market conditions.
The stock's P/E/G ratio of 2.43 suggests that the stock may be overvalued relative to its growth rate, which could deter value-focused investors.
Insider ownership is relatively low at 0.29%, which may indicate a lack of confidence from company executives in the stock's future performance.
The current ratio of 1.29 and quick ratio of 1.00 suggest that while the company can cover its short-term liabilities, it may not have a strong liquidity position, which could be a concern for risk-averse investors.

RBA Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for RB Global is C$76.00, with a high forecast of C$76.00 and a low forecast of C$76.00.
: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RB Global in the last year. There is currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" RBA shares.
: According to analysts, RB Global's stock has a predicted downside of -44.40% based on their 12-month stock forecasts.
: Over the previous 90 days, RB Global's stock had 1 upgrade by analysts.
: RB Global has been rated by research analysts at BMO Capital Markets in the past 90 days.
: Analysts like RB Global more than other "industrials" companies. The consensus rating for RB Global is Strong Buy while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how RBA compares to other companies.

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This page (TSE:RBA) was last updated on 11/23/2024 by MarketBeat.com Staff

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RB Global (RBA) Stock Forecast & Price Target