RB Global (NYSE:RBA) Upgraded at StockNews.com

StockNews.com upgraded shares of RB Global (NYSE:RBA) (TSE:RBA) from a hold rating to a buy rating in a report issued on Tuesday.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada boosted their price objective on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Robert W. Baird raised their price objective on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. CIBC upped their target price on shares of RB Global from $102.00 to $109.00 and gave the stock an “outperformer” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets lifted their price target on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, RB Global presently has an average rating of “Moderate Buy” and an average price target of $100.36.

RB Global Stock Performance

RBA stock opened at $90.31 on Tuesday. RB Global has a 1-year low of $60.84 and a 1-year high of $99.79. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The firm has a market cap of $16.68 billion, a PE ratio of 49.08, a P/E/G ratio of 4.56 and a beta of 0.96. The business’s 50-day moving average price is $92.94 and its two-hundred day moving average price is $85.34.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.16 annualized dividend and a yield of 1.28%. RB Global’s dividend payout ratio (DPR) is presently 63.04%.

Institutional Investors Weigh In On RB Global

A number of institutional investors and hedge funds have recently made changes to their positions in RBA. Victory Capital Management Inc. bought a new stake in RB Global during the second quarter worth $1,098,000. Acadian Asset Management LLC bought a new stake in shares of RB Global in the 2nd quarter valued at about $390,000. Caprock Group LLC acquired a new stake in RB Global in the 2nd quarter valued at about $302,000. Oak Thistle LLC bought a new position in RB Global during the second quarter worth about $270,000. Finally, United Services Automobile Association acquired a new position in RB Global during the second quarter worth approximately $1,656,000. Institutional investors own 95.37% of the company’s stock.

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.