Analysts Set RB Global, Inc. (NYSE:RBA) PT at $126.43

RB Global, Inc. (NYSE:RBA) (TSE:RBA) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $126.1250.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of RB Global from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and set a $135.00 target price (up from $130.00) on shares of RB Global in a research note on Tuesday, May 5th. Stephens restated an “equal weight” rating and set a $96.00 target price on shares of RB Global in a research note on Tuesday, May 5th. Barclays assumed coverage on shares of RB Global in a research note on Thursday. They set an “overweight” rating and a $124.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RB Global in a research note on Tuesday, May 26th.

Insider Activity

In other RB Global news, Director Deborah Stein purchased 425 shares of RB Global stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $103.15 per share, for a total transaction of $43,838.75. Following the completion of the transaction, the director owned 1,825 shares of the company’s stock, valued at approximately $188,248.75. This trade represents a 30.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RB Global

Several institutional investors have recently bought and sold shares of RBA. MV Capital Management Inc. bought a new position in RB Global during the fourth quarter valued at $29,000. Bayban bought a new position in RB Global during the fourth quarter valued at $34,000. Central Pacific Bank Trust Division lifted its position in RB Global by 41.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 107 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in RB Global during the first quarter valued at $43,000. Finally, State of Wyoming bought a new position in RB Global during the second quarter valued at $46,000. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

RBA opened at $106.40 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $19.78 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 1.69 and a beta of 0.57. The company’s 50 day moving average is $101.97 and its 200 day moving average is $103.93. RB Global has a 12-month low of $93.58 and a 12-month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Monday, May 4th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.13 billion. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. On average, equities research analysts predict that RB Global will post 4.09 EPS for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. RB Global’s dividend payout ratio (DPR) is presently 57.67%.

About RB Global

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.