Robert W. Baird Increases RB Global (NYSE:RBA) Price Target to $110.00

RB Global (NYSE:RBA) (TSE:RBA) had its target price increased by stock analysts at Robert W. Baird from $105.00 to $110.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price indicates a potential upside of 6.15% from the company’s current price.

A number of other equities research analysts also recently weighed in on RBA. BMO Capital Markets raised their price target on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. CIBC lowered their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, RB Global has an average rating of “Moderate Buy” and a consensus price target of $107.64.

RB Global Trading Down 1.0 %

Shares of RBA stock opened at $103.63 on Wednesday. The business’s fifty day moving average is $91.78 and its 200 day moving average is $88.25. RB Global has a 52-week low of $65.99 and a 52-week high of $106.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. The company has a market capitalization of $19.14 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 4.02 and a beta of 0.96.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.03%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities research analysts anticipate that RB Global will post 2.5 EPS for the current fiscal year.

Institutional Trading of RB Global

Large investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in RB Global by 0.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider’s stock valued at $3,674,000 after acquiring an additional 113 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 129 shares during the last quarter. Weil Company Inc. lifted its holdings in shares of RB Global by 1.2% during the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 132 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in shares of RB Global by 4.6% during the fourth quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 137 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

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.