RB Global (TSE:RBA) Raised to Strong-Buy at BMO Capital Markets

RB Global (TSE:RBA) (NYSE:RBA) was upgraded by equities researchers at BMO Capital Markets to a “strong-buy” rating in a report issued on Thursday, Zacks.com reports.

RB Global Price Performance

Shares of TSE RBA opened at C$112.08 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 80.04. The stock has a fifty day simple moving average of C$109.43 and a two-hundred day simple moving average of C$104.58. RB Global has a 1-year low of C$80.97 and a 1-year high of C$117.55. The firm has a market cap of C$20.65 billion, a price-to-earnings ratio of 45.75, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90.

RB Global (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.08). RB Global had a return on equity of 6.61% and a net margin of 8.68%. The firm had revenue of C$1.50 billion for the quarter, compared to the consensus estimate of C$1.54 billion.

Insider Activity at RB Global

In other RB Global news, Senior Officer Darren Watt sold 937 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$80.78, for a total transaction of C$75,690.86. In other RB Global news, Senior Officer Darren Watt sold 937 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$80.78, for a total value of C$75,690.86. Also, Senior Officer James Jeffrey Jeter sold 3,000 shares of RB Global stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total value of C$256,650.00. In the last ninety days, insiders have sold 14,857 shares of company stock worth $1,206,184. 0.29% of the stock is owned by corporate insiders.

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.