RB Global (TSE:RBA) Shares Pass Above 200 Day Moving Average of $92.35

RB Global, Inc. (TSE:RBA) (NYSE:RBA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$92.35 and traded as high as C$100.94. RB Global shares last traded at C$99.97, with a volume of 97,754 shares.

Wall Street Analyst Weigh In

Separately, Scotiabank increased their price target on RB Global from C$74.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th.

RB Global Stock Down 0.2 %

The firm has a market cap of C$18.32 billion, a price-to-earnings ratio of 70.90, a P/E/G ratio of 2.43 and a beta of 0.87. The company has a debt-to-equity ratio of 86.55, a current ratio of 1.35 and a quick ratio of 1.00. The stock has a 50-day moving average of C$101.32 and a 200-day moving average of C$92.35.

RB Global (TSE:RBA) (NYSE:RBA) last issued its quarterly earnings results on Friday, February 23rd. The company reported C$0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.56. The business had revenue of C$1.42 billion for the quarter, compared to the consensus estimate of C$1.41 billion. RB Global had a return on equity of 6.06% and a net margin of 5.61%. Sell-side analysts predict that RB Global, Inc. will post 4.4459045 EPS for the current fiscal year.

RB Global Cuts Dividend

The firm also recently announced a 1 dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 1st were issued a $1.431 dividend. The ex-dividend date of this dividend was Friday, March 1st. RB Global’s dividend payout ratio is presently 104.26%.

Insider Buying and Selling at RB Global

In other RB Global news, Senior Officer Baron Concors sold 15,658 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$76.80, for a total value of C$1,202,534.40. Following the sale, the insider now owns -205 shares of the company’s stock, valued at approximately C($15,744). Company insiders own 0.30% of the company’s stock.

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.