RB Global (TSE:RBA) Hits New 1-Year Low – Here’s Why

RB Global, Inc. (TSE:RBA) (NYSE:RBA) hit a new 52-week low during trading on Thursday . The company traded as low as C$129.38 and last traded at C$129.94, with a volume of 609658 shares. The stock had previously closed at C$134.05.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays raised shares of RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. Raymond James Financial raised shares of RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 target price for the company in a research note on Tuesday, June 30th. Finally, Stephens upgraded RB Global to a “hold” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$134.50.

RB Global Stock Down 3.1%

The company has a debt-to-equity ratio of 69.55, a quick ratio of 0.99 and a current ratio of 1.14. The company has a market cap of C$24.21 billion, a PE ratio of 60.44, a PEG ratio of 2.43 and a beta of 0.03. The firm has a fifty day simple moving average of C$154.68 and a 200 day simple moving average of C$146.44.

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

About RB Global

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.