RB Global (TSE:RBA) Trading Down 6.5% – What’s Next?

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

Analysts Set New Price Targets

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

RB Global Stock Performance

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 moving average of C$149.75 and a 200 day moving average of C$149.49. The stock has a market cap of C$25.46 billion, a PE ratio of 65.29, a P/E/G ratio of 2.43 and a beta of 0.55.

RB Global (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.93 EPS for the quarter. RB Global had a return on equity of 6.35% and a net margin of 10.01%.The business had revenue of C$1.52 billion for the quarter. Equities analysts predict that RB Global, Inc. will post 5.0577819 EPS for the current fiscal year.

RB Global Company Profile

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.