A share price of RB Global Inc [RBA] is currently trading at $80.57, down -0.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RBA shares have gain 2.21% over the last week, with a monthly amount glided 0.19%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James upgraded its rating to Outperform on July 20, 2023, and elevated its price target to $75. On May 18, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $61 on the stock. Scotiabank upgraded its rating to a Sector Outperform and increased its price target to $65 on December 05, 2022. Northcoast upgraded its rating to a Buy but $65 remained the price target by the analyst firm on November 14, 2022. BofA Securities downgraded its rating to Neutral for this stock on November 08, 2022, and downed its price target to $55. In a note dated November 07, 2022, Barrington Research upgraded an Outperform rating on this stock.
RB Global Inc experienced fluctuations in its stock price throughout the past year between $55.54 and $81.74. Currently, Wall Street analysts expect the stock to reach $64.67 within the next 12 months. RB Global Inc [NYSE: RBA] shares were valued at $80.57 at the most recent close of the market. An investor can expect a potential drop of -19.73% based on the average RBA price forecast.
Analyzing the RBA fundamentals
Trailing Twelve Months sales for RB Global Inc [NYSE:RBA] were 4.23B which represents 107.79% growth. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 80.02 points at the first support level, and at 79.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.50, and for the 2nd resistance point, it is at 82.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for RB Global Inc [NYSE:RBA] is 1.29. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 3.50, the price to book ratio is 2.92 and price to earnings (TTM) ratio is 48.71.
Transactions by insiders
Recent insider trading involved KESSLER JAMES FRANCIS, Chief Executive Officer, that happened on Jun 18 ’24 when 8000.0 shares were sold. Chief Legal Officer, Watt Darren Jeffrey completed a deal on Jun 13 ’24 to sell 3637.0 shares. Meanwhile, Chief Revenue Officer JETER JAMES J sold 5000.0 shares on May 24 ’24.
