NYSE:RBA

RB Global (RBA) Stock Forecast, Price & News

$61.62

-0.89 (-1.42%)

(As of 10/3/2023 ET)

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Today's Range: $61.26
▼
$62.58
50-Day Range: $56.13
▼
$66.57
52-Week Range: $48.72
▼
$66.99

Volume: 1.03 million shs
Average Volume: 2.52 million shs
Market Capitalization: $11.22 billion

P/E Ratio: 66.97
Dividend Yield: 1.75%
Price Target: $66.25

RB Global MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.90 Rating Score
Upside/Downside: 7.5% Upside
$66.25 Price Target
Short Interest: Bearish
3.96% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.12
Based on 6 Articles This Week
Insider Trading: Selling Shares
$1.28 M Sold Last Quarter
Proj. Earnings Growth: 164.62%
From $0.65 to $1.72 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Business Services Sector

158th out of 311 stocks

Business Services, Not Elsewhere Classified Industry

55th out of 88 stocks

1.5

Analyst's Opinion

Consensus Rating
RB Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $66.25, RB Global has a forecasted upside of 7.5% from its current price of $61.62.
Amount of Analyst Coverage
RB Global has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.96% of the float of RB Global has been sold short.
Short Interest Ratio / Days to Cover
RB Global has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in RB Global has recently increased by 0.85%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
RB Global pays a meaningful dividend of 1.73%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
RB Global has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of RB Global is 117.39%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, RB Global will have a dividend payout ratio of 62.79% next year. This indicates that RB Global will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RBA.

2.8

News and Social Media Coverage

News Sentiment
RB Global has a news sentiment score of 1.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for RB Global this week, compared to 5 articles on an average week.
MarketBeat Follows
Only 3 people have added RB Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, RB Global insiders have sold 211.22% more of their company's stock than they have bought. Specifically, they have bought $412,150.00 in company stock and sold $1,282,709.00 in company stock.
Percentage Held by Insiders
Only 4.32% of the stock of RB Global is held by insiders.
Percentage Held by Institutions
90.24% of the stock of RB Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for RB Global are expected to grow by 164.62% in the coming year, from $0.65 to $1.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of RB Global is 66.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of RB Global is 66.97, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.83.
Price to Earnings Growth Ratio
RB Global has a PEG Ratio of 13.63. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
RB Global has a P/B Ratio of 5.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About RB Global (NYSE:RBA) Stock

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; Xcira that provides live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport solution. The company serves customers across various asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining, and agriculture. RB Global, Inc. was founded in 1958 and is headquartered in Westchester, Illinois.

RBA Price History

30 days | 90 days | 365 days | Advanced Chart

RBA Stock News Headlines

October 3, 2023 | marketwatch.com

RBA Keeps Interest Rates Unchanged for Fourth Meeting in a Row

September 28, 2023 | theguardian.com

Australia’s CPI rose to 5.2% in August as attempts to tame inflation falter

October 4, 2023 | Wall Street Fundamentals (Ad)

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September 7, 2023 | finance.yahoo.com

SmartEquip® Unveils 'Out-of-the-Box' Ready e-Commerce Store 2.0 Platform

August 23, 2023 | finance.yahoo.com

Expedite the Total Loss Process with IAA’s New Guidewire Marketplace Apps

August 18, 2023 | uk.finance.yahoo.com

Insider Buying: CEO James Kessler Acquires 2,000 Shares of RB Global Inc

August 17, 2023 | finance.yahoo.com

Why It Might Not Make Sense To Buy RB Global, Inc. (NYSE:RBA) For Its Upcoming Dividend

August 17, 2023 | finance.yahoo.com

Ritchie Bros.' Flexible Solutions Deliver Strong US$44 Million Onsite Sale for Industry Leader WB Pipeline

October 4, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

August 8, 2023 | markets.businessinsider.com

Analyst Expectations for RB Global's Future

August 5, 2023 | msn.com

RB Global - Vulnerable To Customer Activity But Still At A High Premium

August 4, 2023 | seekingalpha.com

RB Global, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 3, 2023 | finance.yahoo.com

RB Global: Q2 Earnings Snapshot

August 3, 2023 | finance.yahoo.com

RB Global reports second quarter 2023 results

July 28, 2023 | finance.yahoo.com

RBA - RB Global, Inc.

July 10, 2023 | finance.yahoo.com

RB Global to Report Second Quarter 2023 Financial Results and Host Conference Call on August 3, 2023

July 5, 2023 | afr.com

RBA holds as economists warn of more interest rate rises

July 1, 2023 | msn.com

RBA to raise rates to 4.35% on July 4 but decision on a knife edge: Reuters poll

June 27, 2023 | money.usnews.com

RB Global Inc

June 13, 2023 | finance.yahoo.com

RBA.TO - RB Global, Inc.

June 5, 2023 | news.yahoo.com

Bullish RB Global Insiders Loaded Up On US$2.6m Of Stock

June 2, 2023 | finance.yahoo.com

S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index and S&P/TSX Canadian Dividend Aristocrats Index

May 21, 2023 | finance.yahoo.com

Is Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Trading At A 40% Discount?

May 19, 2023 | benzinga.com

Ritchie Bros Auctioneers CEO Trades $1.00M In Company Stock

May 18, 2023 | seekingalpha.com

RBA:CA Ritchie Bros. Auctioneers Incorporated

May 12, 2023 | msn.com

Ritchie Bros. Auctioneers (RBA) Declares $0.27 Dividend

May 9, 2023 | marketwatch.com

Ritchie Bros. Auctioneers to Change Names to RB Global

See More Headlines

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RBA Company Calendar

Last Earnings: 8/03/2023
Ex-Dividend for 9/13 Dividend: 8/22/2023
Dividend Payable: 9/13/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:RBA
CUSIP: N/A
CIK: 1046102
Web: www.rbauction.com
Phone: (708) 492-7000
Fax: 778-331-5501
Employees: 2,800
Year Founded: 1958

Price Target and Rating

Average Stock Price Forecast: $66.25
High Stock Price Forecast: $75.00
Low Stock Price Forecast: $55.00
Forecasted Upside/Downside: +7.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.90
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.92
Trailing P/E Ratio: 66.97
Forward P/E Ratio: 94.79
P/E Growth: 13.63
Net Income: $319.66 million
Net Margins: 5.94%
Pretax Margin: 8.03%
Return on Equity: 4.77%
Return on Assets: 2.00%

Debt

Debt-to-Equity Ratio: 0.63
Current Ratio: 1.32
Quick Ratio: 1.19

Sales & Book Value

Annual Sales: $1.73 billion
Price / Sales: 6.47
Cash Flow: $3.88 per share
Price / Cash Flow: 15.89
Book Value: $11.63 per share
Price / Book: 5.30

Miscellaneous

Outstanding Shares: 182,070,000
Free Float: 174,203,000
Market Cap: $11.22 billion
Optionable: Optionable
Beta: 0.91

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Key Executives

Mr. James F. Kessler (Age 50)
CEO & Director
Comp: $1.77M

Mr. Baron Concors (Age 53)
Chief Product & Technology Officer
Comp: $989.49k

Ms. Carmen D. Thiede (Age 56)
Chief Transformation & People Officer
Comp: $1.11M

Mr. David E. Ritchie
Founder and Chairman Emeritus

Ms. Megan Cash
Principal Fin. & Accounting Officer

Mr. Sameer Rathod
VP of Investor Relations & Market Intelligence

Mr. Darren J. Watt (Age 51)
Chief Legal Officer

Ian Malinski
Media Relations Mang.

Mr. Curtis C. Hinkelman
Sr. VP of Sales - Eastern USA

Mr. Karl W. Werner (Age 58)
Chief Bus. Devel. Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RBA Stock - Frequently Asked Questions

Should I buy or sell RB Global stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RB Global in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RBA shares.
View RBA analyst ratings or view top-rated stocks.
What is RB Global's stock price forecast for 2023?: 10 analysts have issued 12 month target prices for RB Global's shares. Their RBA share price forecasts range from $55.00 to $75.00. On average, they anticipate the company's share price to reach $66.25 in the next year. This suggests a possible upside of 7.5% from the stock's current price.
View analysts price targets for RBA or view top-rated stocks among Wall Street analysts.
How have RBA shares performed in 2023?: RB Global's stock was trading at $57.83 at the start of the year. Since then, RBA stock has increased by 6.5% and is now trading at $61.6150.
View the best growth stocks for 2023 here.
When is RB Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our RBA earnings forecast.
How were RB Global's earnings last quarter?: RB Global, Inc. (NYSE:RBA) announced its quarterly earnings data on Thursday, August, 3rd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by $0.17. The business services provider had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.03 billion. RB Global had a net margin of 5.94% and a trailing twelve-month return on equity of 4.77%.
How often does RB Global pay dividends? What is the dividend yield for RB Global?: RB Global announced a quarterly dividend on Wednesday, August 2nd. Investors of record on Wednesday, August 23rd will be given a dividend of $0.27 per share on Wednesday, September 13th. This represents a $1.08 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Read our dividend analysis for RBA.
What ETF holds RB Global's stock ?: iShares MSCI Canada ETF holds 310,209 shares of RBA stock, representing 0.59% of its portfolio.
Is RB Global a good dividend stock?: RB Global (NYSE:RBA) pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.73%. 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.

What is Ann Fandozzi's approval rating as RB Global's CEO?: 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.
What other stocks do shareholders of RB Global own?: 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).
What is RB Global's stock symbol?: RB Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBA."
How do I buy shares of RB Global?: 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.
Compare Top Brokerages Here.
What is RB Global's stock price today?: One share of RBA stock can currently be purchased for approximately $61.62.
How much money does RB Global make?: RB Global (NYSE:RBA) has a market capitalization of $11.22 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.
How many employees does RB Global have?: The company employs 2,800 workers across the globe.
Does RB Global have any subsidiaries?: The following companies are subsidiares of RB Global: AssetNation, AssetNation Inc., Euro Auctions, IronPlanet, IronPlanet Canada Ltd., IronPlanet Inc, IronPlanet Limited, IronPlanet Mexico S. de R.L. de C.V., IronPlanet Motors LLC, IronPlanet UK Limited, Kramer Auctions, Kruse Energy & Equipment Auctioneers LLC, Leake Auction Company, Mascus, Mascus A/S, Mascus IP B.V., Mascus International B.V., Mascus International Holdings B.V., R.B. Services SARL, RBA Holdings Inc., Ritchie Auction (Beijing) Co. Ltd., Ritchie Bros. (NZ) Limited, Ritchie Bros. Asset Solutions Inc., Ritchie Bros. Auctioneers (America) Inc., Ritchie Bros. Auctioneers (Beijing) Co. Ltd., Ritchie Bros. Auctioneers (Canada) Ltd., Ritchie Bros. Auctioneers (Japan) K.K., Ritchie Bros. Auctioneers (ME) Limited, Ritchie Bros. Auctioneers (Panama) S.A., Ritchie Bros. Auctioneers (Spain) S.L.U., Ritchie Bros. Auctioneers Comercial de Equipamentos Industriais Ltda, Ritchie Bros. Auctioneers France SAS, Ritchie Bros. Auctioneers India Private Limited, Ritchie Bros. Auctioneers Mexico Services S. de R.L. de C.V., Ritchie Bros. Auctioneers Muzayede Danismanlik ve Ticaret Limited Sirketi, Ritchie Bros. Auctioneers Pte Ltd., Ritchie Bros. Auctioneers Pty Ltd., Ritchie Bros. Auctioneers de Mexico S. de R.L. de C.V., Ritchie Bros. B.V., Ritchie Bros. Deutschland GmbH, Ritchie Bros. Finance Ltd., Ritchie Bros. Financial Services (America) Inc., Ritchie Bros. Financial Services Ltd., Ritchie Bros. Finland Oy, Ritchie Bros. Holdings B.V., Ritchie Bros. Holdings Inc., Ritchie Bros. Holdings Ltd., Ritchie Bros. Holdings Pty Ltd., Ritchie Bros. Holdings SARL, Ritchie Bros. Investment Holdings (Luxembourg) SARL, Ritchie Bros. Italia S.r.l., Ritchie Bros. Polska Sp. Z.o.o., Ritchie Bros. Properties (Spain) S.L.U., Ritchie Bros. Properties B.V., Ritchie Bros. Properties EURL, Ritchie Bros. Properties Inc., Ritchie Bros. Properties Japan K.K., Ritchie Bros. Properties Ltd., Ritchie Bros. Properties Pty Ltd., Ritchie Bros. Properties S. de R.L. de C.V., Ritchie Bros. Properties S.r.l., Ritchie Bros. Real Estate Service Ltd., Ritchie Bros. Shared Services B.V., Ritchie Bros. Sweden AB, Ritchie Bros. UK Limited, Rouse Analytics LLC, Rouse Appraisals LLC, Rouse Sales LLC, Rouse Services Canada Ltd., Rouse Services LLC, SalvageSale De Mexico S. de R.L. de C.V., SalvageSale Mexico Holding LLC, SalvageSale Servicios S. de R.L. de C.V., SmartEquip, SmartEquip Inc., and Xcira LLC.
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How can I contact RB Global?: 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.

This page (NYSE:RBA) was last updated on 10/4/2023 by MarketBeat.com Staff

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