RB Global (TSE:RBA) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$141.86 and traded as high as C$143.72. RB Global shares last traded at C$141.52, with a volume of 197,726 shares traded.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded RB Global to a “hold” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$124.00.

RB Global Trading Up 2.3%

The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 69.55. The firm has a market cap of C$26.96 billion, a price-to-earnings ratio of 67.31, a price-to-earnings-growth ratio of 2.43 and a beta of 0.27. The business has a 50 day moving average price of C$136.62 and a 200-day moving average price of C$141.88.

RB Global (TSE:RBA) (NYSE:RBA) last posted its earnings results on Monday, May 4th. The company reported C$1.40 earnings per share (EPS) for the quarter. RB Global had a return on equity of 7.47% and a net margin of 9.53%.The business had revenue of C$1.23 billion during the quarter. As a group, research analysts expect that RB Global, Inc. will post 5.0577819 EPS for the current fiscal year.

RB Global announced that its board has initiated a share repurchase plan on Monday, March 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

RB Global Company Profile

Ritchie Bros. operates the world’s leading marketplace for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. Ritchie Bros. operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms.