RB Global (RBA) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RB Global in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RBA shares.
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10 analysts have issued 1 year price targets for RB Global's shares. Their RBA share price forecasts range from $55.00 to $75.00. On average, they anticipate the company's stock price to reach $66.25 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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RB Global's stock was trading at $57.83 on January 1st, 2023. Since then, RBA shares have increased by 8.8% and is now trading at $62.92.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our RBA earnings forecast.

RB Global, Inc. (NYSE:RBA) announced its earnings results on Thursday, August, 3rd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.17. The business services provider earned $1.11 billion during the quarter, compared to analyst estimates of $1.03 billion. RB Global had a trailing twelve-month return on equity of 4.77% and a net margin of 5.94%.

RB Global announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.27 per share on Wednesday, September 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, August 22nd.
Read our dividend analysis for RBA.

iShares MSCI Canada ETF holds 310,209 shares of RBA stock, representing 0.59% of its portfolio.

RB Global (NYSE:RBA) pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.67%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 117.39%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RBA will have a dividend payout ratio of 62.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RBA.

34 employees have rated RB Global Chief Executive Officer Ann Fandozzi on Glassdoor.com. Ann Fandozzi has an approval rating of 94% among the company's employees. This puts Ann Fandozzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RB Global investors own include SFL (SFL), Verizon Communications (VZ), Advanced Micro Devices (AMD), Target (TGT), Taiwan Semiconductor Manufacturing (TSM), Home Depot (HD), Pfizer (PFE), QUALCOMM (QCOM), RTX (RTX) and Xilinx (XLNX).

RB Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBA."

RB Global's stock is owned by many different retail and institutional investors. Top institutional shareholders include Independent Franchise Partners LLP (8.83%), Beutel Goodman & Co Ltd. (3.80%), BlackRock Inc. (3.56%), ArrowMark Colorado Holdings LLC (2.47%), Cooke & Bieler LP (2.39%) and Riverbridge Partners LLC (2.24%). Insiders that own company stock include Adam Dewitt, Ann Fandozzi, Baron Concors, Christopher Zimmerman, Darren Jeffrey Watt, Erik Olsson, James Francis Kessler, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, Matthew Ackley, Megan Anne Cash, Michael D Sieger, Robert George Elton, Sharon Ruth Driscoll and Timothy J O'day.
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Shares of RBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RBA stock can currently be purchased for approximately $62.92.

RB Global (NYSE:RBA) has a market capitalization of $11.46 billion and generates $1.73 billion in revenue each year. The business services provider earns $319.66 million in net income (profit) each year or $0.92 on an earnings per share basis.

The company employs 2,800 workers across the globe.

RB Global's mailing address is 9500 GLENLYON PARKWAY, BURNABY A1, V5J 0C6. The official website for the company is www.rbauction.com. The business services provider can be reached via phone at (708) 492-7000, via email at ir@rbauction.com, or via fax at 778-331-5501.