RB Global (NYSE:RBA) Stock Gets Price Target Cut from Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on RB Global to $134 from $152 but maintained an Outperform rating; the new target implies 39.75% upside from the prior close.
• RB Global beat quarterly expectations, reporting EPS of $1.03 versus $0.99 forecast and revenue of $1.27 billion versus $1.17 billion expected.
• The company authorized a $500 million share repurchase plan, allowing it to buy back up to 3.3% of its outstanding shares.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA had its price objective reduced by equities research analysts at Royal Bank Of Canada from $152.00 to $134.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the business services provider's stock. Royal Bank Of Canada's price objective indicates a potential upside of 39.75% from the company's previous close.

RBA has been the topic of several other research reports. National Bank Financial raised their price target on RB Global from $130.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, October 15th. Zacks Research lowered shares of RB Global from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of RB Global in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of RB Global from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Finally, Barclays dropped their target price on RB Global from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.33.

RB Global Trading Up 0.1%

Shares of NYSE RBA traded up $0.11 during trading hours on Tuesday, reaching $95.88. The stock had a trading volume of 275,756 shares, compared to its average volume of 1,526,899. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 1.62 and a beta of 0.48. The business's fifty day moving average price is $84.94 and its two-hundred day moving average price is $99.31. RB Global has a 52-week low of $78.05 and a 52-week high of $119.33.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings data on Monday, November 9th. The business services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.17 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. Analysts expect that RB Global will post 4.06 EPS for the current fiscal year.

RB Global announced that its Board of Directors has approved a share buyback plan on Tuesday, September 15th that permits the company to repurchase $500 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 3.3% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other RB Global news, Director Chloe Harford acquired 1,200 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $83.74 per share, with a total value of $100,488.00. Following the completion of the acquisition, the director directly owned 1,200 shares of the company's stock, valued at approximately $100,488. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Deborah Stein acquired 500 shares of RB Global stock in a transaction on Wednesday, September 9th. The shares were bought at an average price of $80.91 per share, for a total transaction of $40,455.00. Following the purchase, the director owned 2,325 shares of the company's stock, valued at $188,115.75. This represents a 27.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.57% of the company's stock.

Hedge Funds Weigh In On RB Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBA. BlackRock Inc. acquired a new position in shares of RB Global during the second quarter valued at about $1,816,059,000. Jupiter Topco LLC acquired a new stake in shares of RB Global in the 2nd quarter worth about $514,871,000. Lazard Asset Management LLC bought a new position in RB Global in the 1st quarter valued at about $210,091,000. Wellington Management Group LLP bought a new position in RB Global in the 2nd quarter valued at about $201,813,000. Finally, Caisse de depot et placement du Quebec acquired a new position in RB Global during the 2nd quarter valued at about $183,651,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global News Roundup

Here are the key news stories impacting RB Global this week:

• Positive Sentiment: Third-quarter adjusted earnings were $1.03 per share, ahead of the $0.99 consensus and up from $0.93 a year earlier. Revenue of $1.27 billion also exceeded expectations of $1.17 billion, supporting the view that growth is translating to stronger results. RB Global Q3 earnings and revenues surpass estimates
• Positive Sentiment: RB Global forecast 14%–15% growth in 2026 gross transaction value (GTV) and highlighted its One Marketplace rollout. Commentary on margin expansion and marketplace integration adds support to the growth outlook. RB Global outlines 2026 GTV growth Q3 deep dive on margin expansion and marketplace integration
• Neutral Sentiment: The company declared a quarterly dividend of $0.33 per share, equivalent to $1.32 annually and a stated yield of 1.4%. The payout offers income but is unlikely to outweigh earnings and outlook news as a stock catalyst. RB Global dividend information
• Negative Sentiment: RBC cut its price target to $134 from $152, signaling reduced upside expectations, although it maintained its Outperform rating. RBC lowers price target but keeps Outperform rating

RB Global Company Profile

RB Global operates a global marketplace for commercial assets and vehicles, connecting sellers with buyers through live auctions, online platforms and other sales channels. Its offerings include asset marketing and disposition services, along with support such as inspections and transaction services.

The company serves businesses, governments and other organizations across industries including construction, transportation, agriculture, mining and energy. Through its IAA business, it also facilitates sales of salvage and used vehicles to buyers such as licensed dealers and vehicle rebuilders.

RB Global traces its roots to Ritchie Bros.

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