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Friday, September 29, 2023

Analysts Point To RB Global Inc. (NYSE: RBA) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for RB Global Inc. (RBA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $66.56. The RB Global Inc. has recorded 13,959 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SmartEquip® Unveils ‘Out-of-the-Box’ Ready e-Commerce Store 2.0 Platform.

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Stocks Info

As a NYSE listed company, RBA falls under the Industrials sector while operating within the Specialty Business Services industry segment. At the end of the last regular session, the stock closed at $66.56 and fluctuated between $66.72 as its day high and $65.92 as its day low. The current market capitalization of RB Global Inc. is $11.98B. A total of 2.07 million shares were traded on the day, compared to an average of 1.56M shares.

In the most recent transaction, Watt Darren Jeffrey sold 262 shares of RBA for 62.41 per share on Sep 01. After the transaction, the Chief Legal Officer now owns 1,967 company shares. In a previous transaction on Aug 31, Cash Megan Anne sold 13,596 shares at 61.78 per share. RBA shares that Principal Fin. & Acctg Officer owns now total 0.

Among the insiders who bought shares, Olsson Erik acquired of 2,000 shares on Aug 28 at a per-share price of $59.89. This resulted in the Director holding 4,000 shares of RBA after the transaction. In another insider transaction, KESSLER JAMES FRANCIS bought 2,000 shares at $56.30 per share on Aug 17. Company shares held by the Chief Executive Officer now total 63,011.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. RB Global Inc. pays an annual dividend of $1.08, resulting in a dividend yield of 1.62%, and it has a price to earnings (P/E) ratio of 71.88. RBA’s most recent ex-dividend date was 8/22/2023 when it declared a $0.27 quarterly dividend that was paid in cash on 9/13/2023. Previously, the company paid the dividend on 6/20/2023 with an ex-dividend date of 5/26/2023. The RBA stock dividend was $0.27 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RBA in the last 3 months, the mean price target is $72.33 with high estimates of $76.00 and low estimates of $64.00. In terms of 52-week highs and lows, RBA has a high of $67.50 and a low of $47.72.

As of this writing, RBA has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.23. The company reported an EPS of $0.57 in the last quarter, which was 16.30% higher than expectations of $0.49.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RBA’s latest balance sheet shows that the firm has $326.11M in Cash & Short Term Investments as of fiscal 2021. There were $1.74B in debt and $588.42M in liabilities at the time. Its Book Value Per Share was $27.05, while its Total Shareholder’s Equity was $1.07B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RBA is Buy with a score of 4.33.

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