RB Global (TSE:RBA) Hits New 52-Week High – Here’s Why

RB Global, Inc. (TSE:RBA) (NYSE:RBA) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$124.17 and last traded at C$123.81, with a volume of 91765 shares. The stock had previously closed at C$119.85.

Analysts Set New Price Targets

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

RB Global Stock Performance

The firm has a 50 day moving average of C$114.36 and a two-hundred day moving average of C$108.28. The company has a debt-to-equity ratio of 80.04, a current ratio of 1.29 and a quick ratio of 1.00. The stock has a market cap of C$22.93 billion, a PE ratio of 50.58, a PEG ratio of 2.43 and a beta of 0.93.

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

RB Global Increases Dividend

The business also recently disclosed a 1 dividend, which was paid on Wednesday, August 28th. Shareholders of record on Friday, January 1st were paid a $1.602 dividend. 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 currently 64.23%.

Insiders Place Their Bets

In related news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total value of C$256,650.00. Corporate insiders own 0.29% 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.