Analysts Set RB Global, Inc. (NYSE:RBA) Price Target at $79.67

RB Global, Inc. (NYSE:RBAGet Free Report) (TSE:RBA) has been assigned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $82.80.

A number of research firms recently weighed in on RBA. Raymond James boosted their price target on shares of RB Global from $78.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Scotiabank boosted their price target on shares of RB Global from $76.00 to $88.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 26th. StockNews.com upgraded shares of RB Global from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada boosted their price objective on shares of RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a report on Monday, February 26th.

Get Our Latest Report on RBA

RB Global Trading Up 0.8 %

Shares of NYSE RBA opened at $76.76 on Monday. RB Global has a 1-year low of $51.07 and a 1-year high of $77.99. The company has a market cap of $14.05 billion, a PE ratio of 90.31, a P/E/G ratio of 5.71 and a beta of 0.87. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $69.53 and a two-hundred day moving average of $66.17.

RB Global (NYSE:RBAGet Free Report) (TSE:RBA) last announced its earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The company’s revenue was up 134.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, equities analysts expect that RB Global will post 1.88 earnings per share for the current fiscal year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, February 8th. RB Global’s dividend payout ratio (DPR) is presently 127.06%.

Insider Activity

In other news, insider Darren Jeffrey Watt sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $76.97, for a total value of $177,031.00. Following the completion of the transaction, the insider now owns 21,103 shares in the company, valued at $1,624,297.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Darren Jeffrey Watt sold 2,300 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $76.97, for a total transaction of $177,031.00. Following the completion of the transaction, the insider now owns 21,103 shares in the company, valued at $1,624,297.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO James J. Jeter sold 11,416 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the transaction, the executive now owns 30,915 shares of the company’s stock, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. Insiders sold 14,816 shares of company stock worth $1,133,055 over the last quarter. 4.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in RB Global by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 22,839,262 shares of the business services provider’s stock worth $1,527,718,000 after acquiring an additional 191,974 shares in the last quarter. Wellington Management Group LLP raised its position in shares of RB Global by 26.8% in the fourth quarter. Wellington Management Group LLP now owns 1,183,761 shares of the business services provider’s stock valued at $79,603,000 after purchasing an additional 250,109 shares during the period. Goldman Sachs Group Inc. raised its position in shares of RB Global by 21.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 452,402 shares of the business services provider’s stock valued at $30,261,000 after purchasing an additional 79,701 shares during the period. Scarborough Advisors LLC bought a new position in shares of RB Global in the fourth quarter valued at about $98,000. Finally, V Square Quantitative Management LLC bought a new position in shares of RB Global in the fourth quarter valued at about $313,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

RB Global Company Profile

(Get Free Report

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; Xcira that provides live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport solution.

Further Reading

Analyst Recommendations for RB Global (NYSE:RBA)

Receive News & Ratings for RB Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RB Global and related companies with MarketBeat.com's FREE daily email newsletter.