RB Global (TSE:RBA) Reaches New 52-Week High – What’s Next?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$120.56 and last traded at C$120.04, with a volume of 75689 shares changing hands. The stock had previously closed at C$119.55.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upgraded RB Global to a “strong-buy” rating in a research report on Thursday, September 5th.

RB Global Stock Performance

The stock’s fifty day simple moving average is C$113.76 and its two-hundred day simple moving average is C$107.64. The company has a market cap of C$21.74 billion, a price-to-earnings ratio of 48.33, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The company has a debt-to-equity ratio of 80.04, a quick ratio of 1.00 and a current ratio of 1.29.

RB Global (TSE:RBA) (NYSE:RBA) last issued its earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.08). RB Global had a return on equity of 6.61% and a net margin of 8.68%. The firm had revenue of C$1.50 billion during the quarter, compared to analysts’ expectations of C$1.54 billion. Equities research analysts anticipate that RB Global, Inc. will post 5.0577819 EPS for the current year.

RB Global Increases Dividend

The firm also recently announced a 1 dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, January 1st were given a dividend of $1.602 per share. The ex-dividend date was Wednesday, September 18th. This is an increase from RB Global’s previous 1 dividend of $1.49. RB Global’s dividend payout ratio is 64.23%.

Insider Activity at RB Global

In other news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total value of C$256,650.00. 0.29% of the stock is currently owned by insiders.

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.