RB Global (RBA) Stock Price, News & Analysis

Company Overview

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. The company's brands include GovPlanet, an online marketplace for the sale of government and military assets; RB Auction, an onsite and online marketplace for selling and buying used equipment; IronPlanet, an online marketplace for selling and buying used equipment; Marketplace-E, an online solution that make offers/buy now format; Rouse Appraisals, a certified appraisal service solution; Ritchie List Mascus, an online equipment listing service and B2B dealer portal; CSAToday, an online reporting and analysis tool that gives sellers the ability to manage their vehicle assets and monitor sales performance; and Catastrophe Response Services. In addition, it offers title, data, transportation and logistics, refurbishing, inspection, and financial services. It 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.

Key Stats

• Today's Range: C$114.02 to C$114.95
• 50-Day Range: C$103.76 to C$117.18
• 52-Week Range: C$80.97 to C$117.55
• Volume: 47,761 shs
• Average Volume: 151,073 shs
• Market Capitalization: C$21.13 billion
• P/E Ratio: 46.43
• Dividend Yield: 1.36%
• Price Target: C$75.67
• Consensus Rating: Buy

RB Global Stock Analysis - MarketRank™

RB Global scored higher than 22% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.6 / 5
• Analyst Rating: Buy

Consensus Rating

RB Global has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

RB Global has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of RB Global is 46.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.00.

Price to Earnings Ratio vs. Sector

The P/E ratio of RB Global is 46.35, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 498.49.

Price to Earnings Growth Ratio

RB Global has a PEG Ratio of 2.43. 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 4.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for RBA.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

RB Global pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

RB Global does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of RB Global is 63.16%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for RBA.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 2 news articles for RB Global this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, RB Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,130,493.00 in company stock.

Percentage Held by Insiders

Only 0.29% of the stock of RB Global is held by insiders.

Percentage Held by Institutions

97.78% of the stock of RB Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RBA Stock Analysis - Frequently Asked Questions

How have RBA shares performed this year?

RB Global's stock was trading at C$88.67 at the beginning of the year. Since then, RBA stock has increased by 29.1% and is now trading at C$114.48.
View the best growth stocks for 2024 here.

How were RB Global's earnings last quarter?

RB Global, Inc. (TSE:RBA) issued its quarterly earnings results on Tuesday, August, 6th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.08. The business earned $1.50 billion during the quarter, compared to the consensus estimate of $1.54 billion. RB Global had a trailing twelve-month return on equity of 6.61% and a net margin of 8.68%.

How do I buy shares of RB Global?

Shares of RBA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of RB Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that RB Global investors own include Toronto-Dominion Bank (TD), Aurora Cannabis (ACB), BlackBerry (BB), CAE (CAE), Canadian National Railway (CNR), Hydro One (H) and Hudbay Minerals (HBM).

Company Calendar

• Last Earnings: 8/06/2024
• Dividend Payable: 8/28/2024
• Today: 9/18/2024
• Ex-Dividend for 8/28 Dividend: 9/18/2024
• Next Earnings (Estimated): 11/14/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Industrials
• Industry: Specialty Business Services
• Sub-Industry: Business Services
• Current Symbol: TSE:RBA
• CUSIP: N/A
• CIK: N/A
• Web: www.rbauction.com
• Phone: +1-778-3315500
• Fax: N/A
• Employees: 4,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$75.67
• High Stock Price Target: C$78.00
• Low Stock Price Target: C$73.00
• Potential Upside/Downside: -33.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.47
• Trailing P/E Ratio: 46.35
• Forward P/E Ratio: 22.65
• P/E Growth: 2.43
• Net Income: C$328.50 million
• Net Margins: 8.68%
• Pretax Margin: N/A
• Return on Equity: 6.61%
• Return on Assets: 4.03%

Debt

• Debt-to-Equity Ratio: 80.04
• Current Ratio: 1.29
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: C$4.22 billion
• Price / Sales: 5.00
• Cash Flow: C$5.84 per share
• Price / Cash Flow: 19.62
• Book Value: C$27.98 per share
• Price / Book: 4.09

Miscellaneous

• Outstanding Shares: 184,250,000
• Free Float: N/A
• Market Cap: C$21.09 billion
• Optionable: Not Optionable
• Beta: 0.93