RB Global (TSE:RBA) Reaches New 52-Week Low – Should You Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA) shares hit a new 52-week low on Thursday . The stock traded as low as C$129.38 and last traded at C$129.94, with a volume of 609658 shares. The stock had previously closed at C$134.05.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RBA. Stephens upgraded RB Global to a “hold” rating in a report on Thursday, April 16th. Raymond James Financial upgraded RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 price objective on the stock in a report on Tuesday, June 30th. Finally, Barclays upgraded RB Global to a “strong-buy” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$134.50.

RB Global Stock Down 3.1%

The firm has a 50-day simple moving average of C$154.68 and a 200 day simple moving average of C$146.44. The company has a market capitalization of C$24.21 billion, a PE ratio of 60.44, a price-to-earnings-growth ratio of 2.43 and a beta of 0.03. The company has a debt-to-equity ratio of 69.55, a current ratio of 1.14 and a quick ratio of 0.99.

RB Global (TSE:RBA) (NYSE:RBA) last issued its earnings results on Monday, May 4th. The company reported C$1.40 earnings per share for the quarter. RB Global had a return on equity of 7.47% and a net margin of 9.53%.The company had revenue of C$1.23 billion during the quarter. On average, research analysts predict that RB Global, Inc. will post 5.0577819 EPS for the current fiscal year.

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.