RB Global (TSE:RBA) Upgraded by Barclays to Strong-Buy Rating

RB Global (TSE:RBA) (NYSE:RBA) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Stephens upgraded shares of RB Global to a “hold” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, RB Global currently has a consensus rating of “Buy” and a consensus target price of C$124.00.

RB Global Price Performance

TSE RBA opened at C$145.93 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 69.55. RB Global has a 12-month low of C$129.44 and a 12-month high of C$164.85. The company has a market capitalization of C$27.19 billion, a PE ratio of 67.87, a price-to-earnings-growth ratio of 2.43 and a beta of 0.27. The firm’s 50 day moving average is C$137.45 and its 200-day moving average is C$142.12.

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

RB Global declared that its Board of Directors has authorized a share buyback program on Monday, March 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.