RB Global (NYSE:RBA) Given New $110.00 Price Target at Robert W. Baird

RB Global (NYSE:RBA) (TSE:RBA) had its price target hoisted by investment analysts at Robert W. Baird from $105.00 to $110.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price points to a potential upside of 13.88% from the stock’s previous close.

Several other equities analysts also recently commented on RBA. BMO Capital Markets upped their price target on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com raised shares of RB Global from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada boosted their price target on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, CIBC lowered their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.64.

RB Global Stock Performance

Shares of NYSE RBA opened at $96.60 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. The firm has a market cap of $17.84 billion, a price-to-earnings ratio of 52.50, a P/E/G ratio of 4.01 and a beta of 0.96. The stock’s fifty day moving average price is $91.45 and its two-hundred day moving average price is $87.87. RB Global has a one year low of $65.99 and a one year high of $99.79.

Hedge Funds Weigh In On RB Global

Hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC boosted its stake in shares of RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of RB Global during the fourth quarter worth $27,000. Versant Capital Management Inc increased its holdings in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after buying an additional 176 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 129 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of RB Global during the 4th quarter valued at $37,000. Institutional investors own 95.37% of the company’s stock.

About RB Global

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.