RB Global (TSE:RBA) Upgraded at Stephens

Stephens upgraded shares of RB Global (TSE:RBA) (NYSE:RBA) to a hold rating in a research note published on Thursday,Zacks.com reports.

RB Global Trading Up 1.0%

TSE RBA opened at C$142.84 on Thursday. The stock has a 50-day simple moving average of C$138.94 and a 200 day simple moving average of C$143.04. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 91.08. RB Global has a 12 month low of C$129.44 and a 12 month high of C$164.85. The company has a market capitalization of C$26.56 billion, a PE ratio of 70.02, a P/E/G ratio of 2.43 and a beta of 0.27.

RB Global (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings data on Tuesday, February 17th. The company reported C$1.52 earnings per share for the quarter. The firm had revenue of C$1.58 billion during the quarter. RB Global had a return on equity of 7.25% and a net margin of 9.32%. Research analysts forecast that RB Global will post 5.0577819 EPS for the current year.

RB Global announced that its Board of Directors has authorized a stock buyback program on Monday, March 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.