RB Global, Inc. (NYSE:RBA) Receives $100.21 Average Target Price from Analysts

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $100.21.

A number of analysts recently issued reports on RBA shares. CIBC lowered their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Robert W. Baird upped their target price on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, BMO Capital Markets upped their target price on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Institutional Trading of RB Global

Several hedge funds and other institutional investors have recently made changes to their positions in RBA. Squarepoint Ops LLC purchased a new stake in shares of RB Global during the 2nd quarter valued at $402,000. Creative Planning lifted its holdings in shares of RB Global by 35.7% during the 2nd quarter. Creative Planning now owns 15,526 shares of the business services provider’s stock valued at $1,186,000 after purchasing an additional 4,081 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of RB Global by 30.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,020 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 241 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of RB Global during the 2nd quarter valued at $544,000. Finally, GAMMA Investing LLC lifted its holdings in shares of RB Global by 29.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,179 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Stock Up 0.9 %

Shares of NYSE RBA opened at $93.53 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 3.82 and a beta of 0.96. The stock has a 50 day moving average price of $91.67 and a 200 day moving average price of $87.30. RB Global has a 52-week low of $65.79 and a 52-week high of $99.79.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. RB Global’s dividend payout ratio is presently 63.04%.

About RB Global

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.