RB Global (NYSE:RBA) Price Target Raised to $120.00 at BMO Capital Markets

RB Global (NYSE:RBA) (TSE:RBA) had its price target hoisted by BMO Capital Markets from $116.00 to $120.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

RBA has been the subject of a number of other research reports. Raymond James boosted their target price on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday. Robert W. Baird boosted their price target on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada boosted their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, CIBC lowered their price target on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.64.

RB Global Stock Down 0.9 %

RBA opened at $102.61 on Wednesday. RB Global has a fifty-two week low of $67.15 and a fifty-two week high of $106.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The company has a fifty day moving average of $91.94 and a two-hundred day moving average of $88.46. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 51.05, a PEG ratio of 4.36 and a beta of 0.96.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period in the prior year, the firm earned $0.82 EPS. On average, research analysts expect that RB Global will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.13%. RB Global’s payout ratio is 57.71%.

Hedge Funds Weigh In On RB Global

Institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC boosted its holdings in RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in RB Global in the 4th quarter valued at about $27,000. Versant Capital Management Inc raised its stake in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 176 shares during the period. Jones Financial Companies Lllp raised its stake in shares of RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 129 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $37,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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.