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

RB Global, Inc. (NYSE:RBA) (TSE:RBA) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $100.36.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. CIBC increased their price objective on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. BMO Capital Markets upped their target price on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Robert W. Baird lifted their price target on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

RB Global Trading Down 0.1 %

RB Global stock opened at $89.33 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. RB Global has a 12-month low of $60.84 and a 12-month high of $99.79. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 48.55, a P/E/G ratio of 4.56 and a beta of 0.96. The firm has a 50 day moving average of $93.20 and a 200 day moving average of $85.65.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.30%. RB Global’s dividend payout ratio (DPR) is presently 63.04%.

Hedge Funds Weigh In On RB Global

Large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new stake in shares of RB Global during the fourth quarter worth $27,000. Versant Capital Management Inc increased its position in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after acquiring an additional 176 shares during the period. UMB Bank n.a. increased its position in shares of RB Global by 196.0% during the third quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock worth $47,000 after acquiring an additional 388 shares during the period. Quarry LP purchased a new stake in shares of RB Global in the second quarter valued at approximately $53,000. Finally, Covestor Ltd grew its stake in RB Global by 533.1% in the third quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after purchasing an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

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.