RB Global (TSE:RBA) Reaches New 52-Week High – Time to Buy?
by Teresa Graham · The Cerbat GemRB Global, Inc. (TSE:RBA – Get Free Report) (NYSE:RBA) hit a new 52-week high on Wednesday . The stock traded as high as C$148.11 and last traded at C$146.28, with a volume of 8631 shares. The stock had previously closed at C$14.53.
Wall Street Analysts Forecast Growth
Separately, Stephens raised RB Global to a “hold” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, RB Global has an average rating of “Moderate Buy” and an average price target of C$124.00.
View Our Latest Research Report on RB Global
RB Global Trading Up 900.1%
The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 91.08. The business has a fifty day simple moving average of C$138.45 and a 200 day simple moving average of C$142.71. The company has a market cap of C$27.01 billion, a price-to-earnings ratio of 71.22, a P/E/G ratio of 2.43 and a beta of 0.27.
RB Global (TSE:RBA – Get Free Report) (NYSE:RBA) last released its earnings results on Monday, May 4th. The company reported C$1.40 EPS for the quarter. RB Global had a return on equity of 7.25% and a net margin of 9.32%.The company had revenue of C$1.23 billion during the quarter. On average, equities analysts anticipate that RB Global, Inc. will post 5.0577819 EPS for the current fiscal year.
RB Global announced that its board has approved a share repurchase plan on Monday, March 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
About RB Global
Ritchie Bros. operates the world’s leading marketplace for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. Ritchie Bros. operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms.