Brokerages Set RB Global, Inc. (NYSE:RBA) Target Price at $100.36

RB Global, Inc. (NYSE:RBA) (TSE:RBA) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $100.36.

A number of research firms have recently commented on RBA. Robert W. Baird boosted their price objective on RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. CIBC boosted their price target on shares of RB Global from $102.00 to $109.00 and gave the stock an “outperformer” rating in a report on Thursday, December 12th. Royal Bank of Canada increased their price objective on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, BMO Capital Markets boosted their target price on shares of RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th.

Institutional Trading of RB Global

Several large investors have recently bought and sold shares of RBA. State Street Corp lifted its stake in RB Global by 2.1% in the 3rd quarter. State Street Corp now owns 5,045,188 shares of the business services provider’s stock worth $406,087,000 after purchasing an additional 103,080 shares in the last quarter. Geode Capital Management LLC lifted its position in RB Global by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider’s stock worth $297,400,000 after buying an additional 108,188 shares in the last quarter. Janus Henderson Group PLC boosted its stake in RB Global by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider’s stock worth $272,293,000 after buying an additional 24,101 shares during the last quarter. Cooke & Bieler LP grew its holdings in RB Global by 3.4% in the 2nd quarter. Cooke & Bieler LP now owns 3,311,490 shares of the business services provider’s stock valued at $252,865,000 after buying an additional 109,056 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in shares of RB Global by 5.7% in the 2nd quarter. Fiera Capital Corp now owns 3,143,924 shares of the business services provider’s stock worth $239,881,000 after acquiring an additional 168,945 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of RB Global stock opened at $90.92 on Wednesday. The firm has a market cap of $16.77 billion, a PE ratio of 49.41, a P/E/G ratio of 4.56 and a beta of 0.95. RB Global has a twelve month low of $60.84 and a twelve month high of $99.79. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $91.52 and a 200 day moving average price of $84.52.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, November 27th. RB Global’s dividend payout ratio (DPR) is 63.04%.

RB Global Company Profile

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.