RB Global Inc [RBA] stock prices are up 9.27% to $78.42 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RBA shares have lost -1.22% over the last week, with a monthly amount glided 2.18%, 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.
The stock price of RB Global Inc [RBA] has been fluctuating between $55.67 and $81.87 over the past year. 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 $78.42 at the most recent close of the market. An investor can expect a potential drop of -17.53% based on the average RBA price forecast.
Analyzing the RBA fundamentals
The RB Global Inc [NYSE:RBA] reported sales of 4.23B for trailing twelve months, representing a surge of 107.79%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.
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 74.05 points at the first support level, and at 69.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.73, and for the 2nd resistance point, it is at 83.04.
Ratios To Look Out For
It’s worth pointing out that RB Global Inc [NYSE:RBA]’s Current Ratio is 1.29. Further, the Quick Ratio stands at 1.17, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 3.40, the price to book ratio is 2.84 and price to earnings (TTM) ratio is 47.41.
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.
