RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) had its target price cut by stock analysts at Royal Bank Of Canada from $152.00 to $134.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Royal Bank Of Canada‘s target price indicates a potential upside of 39.75% from the stock’s previous close.
RBA has been the subject of a number of other research reports. Barclays dropped their target price on shares of RB Global from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Weiss Ratings cut shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. National Bank Financial increased their price objective on shares of RB Global from $130.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of RB Global in a research note on Wednesday, August 5th. Finally, Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and an average price target of $125.33.
View Our Latest Report on RB Global
RB Global Stock Up 0.1%
Shares of NYSE:RBA traded up $0.11 during midday trading on Tuesday, reaching $95.88. The company’s stock had a trading volume of 275,756 shares, compared to its average volume of 1,526,899. RB Global has a 12-month low of $78.05 and a 12-month high of $119.33. The firm has a market capitalization of $17.38 billion, a P/E ratio of 41.17, a PEG ratio of 1.62 and a beta of 0.48. The firm has a 50 day moving average of $84.94 and a 200-day moving average of $99.31. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.51.
RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last released its quarterly earnings data on Monday, November 9th. The business services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.17 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. On average, research analysts anticipate that RB Global will post 4.06 earnings per share for the current year.
RB Global announced that its Board of Directors has initiated a share repurchase program on Tuesday, September 15th that authorizes the company to repurchase $500 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 3.3% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s management believes its shares are undervalued.
Insider Buying and Selling
In other news, Director Deborah Stein acquired 500 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was purchased at an average cost of $80.91 per share, with a total value of $40,455.00. Following the acquisition, the director owned 2,325 shares of the company’s stock, valued at $188,115.75. This trade represents a 27.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Chloe Harford purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of $83.74 per share, with a total value of $100,488.00. Following the completion of the purchase, the director owned 1,200 shares of the company’s stock, valued at $100,488. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.57% of the company’s stock.
Institutional Investors Weigh In On RB Global
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in RB Global during the second quarter worth $1,816,059,000. EdgePoint Investment Group Inc. boosted its position in RB Global by 14.4% during the first quarter. EdgePoint Investment Group Inc. now owns 8,812,865 shares of the business services provider’s stock valued at $845,337,000 after acquiring an additional 1,111,217 shares during the last quarter. Royal Bank of Canada boosted its position in RB Global by 13.1% during the first quarter. Royal Bank of Canada now owns 5,043,648 shares of the business services provider’s stock valued at $483,432,000 after acquiring an additional 585,617 shares during the last quarter. Jupiter Topco LLC acquired a new stake in RB Global during the 2nd quarter worth about $514,871,000. Finally, Janus Henderson Group PLC grew its holdings in RB Global by 7.0% during the 1st quarter. Janus Henderson Group PLC now owns 4,371,610 shares of the business services provider’s stock worth $418,876,000 after acquiring an additional 285,713 shares during the period. Institutional investors own 95.37% of the company’s stock.
More RB Global News
Here are the key news stories impacting RB Global this week:
- Positive Sentiment: Third-quarter adjusted earnings were $1.03 per share, ahead of the $0.99 consensus and up from $0.93 a year earlier. Revenue of $1.27 billion also exceeded expectations of $1.17 billion, supporting the view that growth is translating to stronger results. RB Global Q3 earnings and revenues surpass estimates
- Positive Sentiment: RB Global forecast 14%–15% growth in 2026 gross transaction value (GTV) and highlighted its One Marketplace rollout. Commentary on margin expansion and marketplace integration adds support to the growth outlook. RB Global outlines 2026 GTV growth Q3 deep dive on margin expansion and marketplace integration
- Neutral Sentiment: The company declared a quarterly dividend of $0.33 per share, equivalent to $1.32 annually and a stated yield of 1.4%. The payout offers income but is unlikely to outweigh earnings and outlook news as a stock catalyst. RB Global dividend information
- Negative Sentiment: RBC cut its price target to $134 from $152, signaling reduced upside expectations, although it maintained its Outperform rating. RBC lowers price target but keeps Outperform rating
About RB Global
RB Global operates a global marketplace for commercial assets and vehicles, connecting sellers with buyers through live auctions, online platforms and other sales channels. Its offerings include asset marketing and disposition services, along with support such as inspections and transaction services.
The company serves businesses, governments and other organizations across industries including construction, transportation, agriculture, mining and energy. Through its IAA business, it also facilitates sales of salvage and used vehicles to buyers such as licensed dealers and vehicle rebuilders.
RB Global traces its roots to Ritchie Bros.
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