RB Global, Inc. (NYSE:RBA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $100.36.

RBA has been the subject of several recent research reports. StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada boosted their target price on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. CIBC increased their price target on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research report on Thursday, December 12th. Robert W. Baird lifted their price objective on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets increased their target price on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th.

Hedge Funds Weigh In On RB Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBA. MassMutual Private Wealth & Trust FSB increased its holdings in shares of RB Global by 25.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. raised its position in RB Global by 60.1% during the 4th quarter. UMB Bank n.a. now owns 938 shares of the business services provider’s stock worth $85,000 after buying an additional 352 shares during the last quarter. Integrated Investment Consultants LLC raised its position in RB Global by 8.9% during the 4th quarter. Integrated Investment Consultants LLC now owns 3,134 shares of the business services provider’s stock worth $283,000 after buying an additional 257 shares during the last quarter. Avanza Fonder AB acquired a new stake in RB Global during the 4th quarter valued at approximately $1,234,000. Finally, Cypress Wealth Services LLC purchased a new stake in shares of RB Global in the 4th quarter valued at $224,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

Shares of RBA stock opened at $89.81 on Friday. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 3.34 and a beta of 0.96. RB Global has a 52-week low of $60.84 and a 52-week high of $99.79. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $93.27 and its 200 day moving average is $85.79.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.29%. RB Global’s payout ratio is currently 63.04%.

RB Global Company Profile

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.