RB Global (TSE:RBA) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$143.57 and traded as high as C$155.17. RB Global shares last traded at C$154.20, with a volume of 283,377 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stephens upgraded shares of RB Global to a “hold” rating in a research report on Thursday, April 16th. Barclays upgraded shares of RB Global to a “strong-buy” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, RB Global currently has a consensus rating of “Buy” and a consensus price target of C$124.00.

RB Global Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.14 and a debt-to-equity ratio of 69.55. The stock has a market capitalization of C$30.55 billion, a price-to-earnings ratio of 76.26, a P/E/G ratio of 2.43 and a beta of 0.13. The business’s 50 day simple moving average is C$143.15 and its 200-day simple moving average is C$143.73.

RB Global (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Monday, May 4th. The company reported C$1.40 earnings per share (EPS) for the quarter. The business had revenue of C$1.23 billion for the quarter. RB Global had a net margin of 9.53% and a return on equity of 7.47%. On average, research analysts forecast that RB Global, Inc. will post 5.0577819 earnings per share for the current year.

RB Global announced that its board has authorized a stock repurchase plan on Monday, March 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is 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.