RB Global (TSE:RBA) Raised to Hold at Stephens

RB Global (TSE:RBA) (NYSE:RBA) was upgraded by equities research analysts at Stephens to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

RB Global Price Performance

Shares of RBA opened at C$142.84 on Thursday. RB Global has a 12-month low of C$129.44 and a 12-month high of C$164.85. The business’s fifty day moving average is C$138.94 and its 200 day moving average is C$143.10. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 91.08. The stock has a market cap of C$26.56 billion, a P/E ratio of 70.02, a P/E/G ratio of 2.43 and a beta of 0.27.

RB Global (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings results on Tuesday, February 17th. The company reported C$1.52 EPS for the quarter. RB Global had a net margin of 9.32% and a return on equity of 7.25%. The business had revenue of C$1.58 billion during the quarter. Sell-side analysts anticipate that RB Global will post 5.0577819 earnings per share for the current fiscal year.

RB Global announced that its board has approved a stock repurchase program on Monday, March 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors 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.