The stock of RB Global Inc. (NYSE:RBA) increased by $0.85 on Friday to finish at $59.35, up 1.45 percent. The last five days have seen an average of 1,836,700 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $1.52. The average number of shares traded over the last 20 days was 1,500,730, while the average volume over the last 50 days totaled 1,565,756.
RBA stock dropped -7.08% since last month. On 08/02/23, the company’s shares reached a one-month low of $55.54. The stock touched a high of $70.49 on 08/01/23, after rallying from a low of $47.72 in 52 weeks. The price of RBA stock has risen by 4.77% or $1.52 this year, reaching a new high 17 times. Still, the stock price is down -15.80% from the 52-week high.
Insider Transactions
RBA stock investors should be aware that RB Global Inc. (RBA) stock had its last reported insider trading activity 11 days ago on Aug 17. On Aug 17, Chief Executive Officer KESSLER JAMES FRANCIS acquired 2,000 shares at $56.30 each. This transaction resulted in the insider spending $112,600. On Aug 15, KESSLER JAMES FRANCIS added 325 shares at a price of US$56.78. After the transaction, the insider now owns 61,011 shares. Director Sieger Michael D had earlier bought 1,000 shares on Aug 10 for $58.08 a share. The transaction was completed for $58,080.
Valuation Metrics
RB Global Inc. (RBA) has a trailing price-to-earnings (P/E) ratio of 64.09. Beta for the stock is 0.94. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.30, the price-to-book (PB) ratio of 2.19, and the price-to-cash flow ratio of 84.35.
Company paid $0.27 per share in dividends, remained unchanged from $0.27 last year. A $0.81 dividend decrease was reported on Wednesday May 10 2023.
Financial Health
For the three months ended June 29, RB Global Inc.’s quick ratio was 1.20, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.64, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is 51.80% percent. RB Global Inc.’s EBITDA margin for the year ended June 29 was 25.18%, whereas its operating margin stood at 11.50% for the same period. Based on annual data, it had gross profit of $957.11 million and revenue of $1.73 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RBA’s return on assets (ROA) during the last 12 months has been 1.80%. There was a 19.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.30%.
Earnings Surprise
According to RB Global Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.11 billion, while revenues rose by 56.21% to $512.4 million. It was predicted that RB Global Inc.’s quarterly earnings would be $0.85, but it ended up being $0.78, beating the consensus by 9.00%. EBITDA was $322.1 million for the quarter. At the end of RB Global Inc.’s most recent quarter ended June 29, its liabilities totaled 6.99 billion, while its total debt was $4.69 billion. Equity owned by shareholders amounts to $182.14 million.
Technical Picture
Here’s a quick look at RB Global Inc.’s (RBA) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 58.14%, suggesting the stock is Neutral, with a 18.67% historical volatility rate.
The stochastic %K and %D were 70.79% and 50.76% respectively, while the average true range (ATR) was 1.36. Based on the 14-day stochastic reading of 93.64%, the RSI (14) reading is 52.17%. On the 9-day MACD Oscillator, the stock is at 1.30, and the 14-day reading is at 1.09.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on RB Global Inc. (NYSE: RBA) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned RB Global Inc. (RBA) an Overweight rating. RBA is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 5 others recommend it as a buy.
What is RBA’s price target for the next 12 months?
The current consensus forecast for the stock is between $64.00 and $76.00, with a median target price of $73.00. In analyzing these forecasts, the average price target given by analysts for RB Global Inc. (RBA) is $71.29.
