RB Global (TSE:RBA) Trading Down 6.5% – Should You Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA) shares dropped 6.5% during trading on Thursday . The company traded as low as C$144.45 and last traded at C$144.45. Approximately 138,213 shares were traded during trading, a decline of 43% from the average daily volume of 242,108 shares. The stock had previously closed at C$154.57.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$124.00 price objective on RB Global and gave the company an “outperform” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$124.00.

RB Global Stock Up 1.3%

The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 74.28. The stock has a 50-day simple moving average of C$149.77 and a two-hundred day simple moving average of C$149.34. The firm has a market cap of C$25.79 billion, a PE ratio of 66.15, a P/E/G ratio of 2.43 and a beta of 0.55.

RB Global (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.93 EPS for the quarter. The firm had revenue of C$1.52 billion for the quarter. RB Global had a return on equity of 6.35% and a net margin of 10.01%. Analysts expect that RB Global, Inc. will post 5.0577819 earnings per share for the current year.

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.