RB Global, Inc. (NYSE:RBA) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have a consensus "Moderate Buy" on RB Global (7 buys, 1 hold) with an average 12‑month price target of about $125.13, and several firms (RBC, BMO, Raymond James) recently raised targets into the $140s.
• RB Global reported an EPS beat last quarter — $1.11 vs. $0.99 expected — with revenue of $1.20B (up 5.4% year‑over‑year), and analysts forecast roughly $4.04 EPS for the fiscal year.
• Insiders and institutions show confidence: a director bought 400 shares at $98.74, insiders own 0.57% of the stock, and institutional investors hold about 95.37% of shares outstanding.

Shares of RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA have been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $125.1250.

A number of research firms recently commented on RBA. Royal Bank Of Canada increased their target price on shares of RB Global from $137.00 to $146.00 and gave the company an "outperform" rating in a research report on Wednesday, February 18th. BMO Capital Markets increased their target price on shares of RB Global from $135.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, February 18th. Raymond James Financial increased their target price on shares of RB Global from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday, January 20th. Stephens began coverage on shares of RB Global in a research report on Friday, April 17th. They set an "equal weight" rating and a $96.00 target price for the company. Finally, Weiss Ratings raised shares of RB Global from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 26th.

Insider Buying and Selling

In other news, Director Deborah Stein bought 400 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average price of $98.74 per share, with a total value of $39,496.00. Following the completion of the transaction, the director directly owned 1,400 shares of the company's stock, valued at approximately $138,236. The trade was a 40.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by insiders.

Institutional Investors Weigh In On RB Global

A number of hedge funds and other institutional investors have recently bought and sold shares of RBA. Caprock Group LLC acquired a new position in RB Global during the 3rd quarter valued at approximately $1,724,000. Cibc World Market Inc. increased its stake in RB Global by 60.7% during the 3rd quarter. Cibc World Market Inc. now owns 179,707 shares of the business services provider's stock valued at $19,461,000 after purchasing an additional 67,860 shares in the last quarter. Fiera Capital Corp increased its stake in RB Global by 4.9% during the 3rd quarter. Fiera Capital Corp now owns 4,067,003 shares of the business services provider's stock valued at $440,353,000 after purchasing an additional 190,408 shares in the last quarter. JCIC Asset Management Inc. acquired a new position in RB Global during the 3rd quarter valued at approximately $3,621,000. Finally, TD Asset Management Inc increased its stake in RB Global by 1.2% during the 3rd quarter. TD Asset Management Inc now owns 949,779 shares of the business services provider's stock valued at $102,896,000 after purchasing an additional 10,877 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

RB Global Price Performance

Shares of RBA opened at $105.00 on Friday. The company has a 50 day moving average price of $100.81 and a 200-day moving average price of $103.43. RB Global has a fifty-two week low of $93.58 and a fifty-two week high of $119.58. The stock has a market capitalization of $19.52 billion, a PE ratio of 51.47, a PEG ratio of 1.58 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.10.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. RB Global had a net margin of 9.33% and a return on equity of 11.12%. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company's revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that RB Global will post 4.04 earnings per share for the current fiscal year.

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.

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