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Sunday, December 3, 2023

Investing In RB Global Inc (NYSE: RBA): Why Should You?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for RB Global Inc (RBA) shows that investor sentiment remained same, with the stock’s consolidated last price to $65.40. The RB Global Inc has recorded 66,409 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Ritchie Bros. Announces Dates for February 2024 Orlando, FL Event.

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Stocks Info

RB Global Inc is listed on the NYSE in the Industrials sector while operating in the Specialty Business Services industry. At the end of the last regular session, the stock closed at $65.40 and fluctuated between $65.53 as its day high and $63.64 as its day low. The current market capitalization of RB Global Inc is $11.91B. A total of 1.54 million shares were traded on the day, compared to an average of 1.59M shares.

In the most recent transaction, O’Day Timothy J. bought 1,500 shares of RBA for 65.52 per share on Sep 14. After the transaction, the Director now owns 1,500 company shares. In a previous transaction on Sep 13, CONCORS BARON sold 6,800 shares at 65.11 per share. RBA shares that Chief Product & Tech. Officer owns now total 15,658.

Among the insiders who sold shares, Watt Darren Jeffrey disposed of 262 shares on Sep 01 at a per-share price of $62.41. This resulted in the Chief Legal Officer holding 1,967 shares of RBA after the transaction. In another insider transaction, Cash Megan Anne sold 13,596 shares at $61.78 per share on Aug 31. Company shares held by the Principal Fin. & Acctg Officer now total 0.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. RB Global Inc pays an annual dividend of $1.08, resulting in a dividend yield of 1.65%, and it has a price to earnings (P/E) ratio of 70.60. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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 $67.77 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 $0.72 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $27.03, while its Total Shareholder’s Equity was $1.07B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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