RB Global rated Outperform in new coverage at BMO Capital [Seeking Alpha]
RB Global Inc. (RBA)
Last rb global inc. earnings: 2/27 05:15 pm
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US:NYSE Investor Relations:
investor.ritchiebros.com
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Source: Seeking Alpha
They said the vehicle-marketplace company is poised for growth as auto insurers see greater incentive to sell heavily damaged cars instead of paying for their repairs. “RB's ( RBA ) auto salvage business is very well positioned given ongoing growth in vehicle total loss frequency, with additional upside pending some market share gains,” John Gibson, analyst at BMO, said in a Sept. 4 report. RB Global's ( RBA ) heavy-equipment business, formerly known as Ritchie Bros. Auctioneers, also has a “strong moat in a largely counter-cyclical industry,” according to BMO. The bank set a price target of $105 a share on RB ( RBA ), based on a sum-of-the-parts enterprise value for the company's two main businesses. The number of damaged vehicles that end up in auctions has grown in line with increases in average vehicle age. Many people have tended to keep their cars longer instead of buying newer models. Because older cars are less valuable, insurers are more likely to scrap them as the co
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RBA
News
- RB Global, Inc. (NYSE: RBA) is now covered by analysts at BMO Capital Markets. They set an "outperform" rating and a $105.00 price target on the stock.MarketBeat
- RB Global Appoints Steve Lewis as Chief Operating OfficerBusiness Wire
- RB Global, Inc. (NYSE: RBA) had its price target raised by analysts at Bank of America Co. from $79.00 to $92.50. They now have a "neutral" rating on the stock.MarketBeat
- RB Global, Inc. (NYSE: RBA) had its price target raised by analysts at Raymond James from $95.00 to $98.00. They now have an "outperform" rating on the stock.MarketBeat
- RB Global, Inc. (NYSE: RBA) had its price target raised by analysts at Royal Bank of Canada from $93.00 to $99.00. They now have an "outperform" rating on the stock.MarketBeat
RBA
Earnings
- 8/6/24 - Beat
RBA
Sec Filings
- 9/24/24 - Form 4
- 9/23/24 - Form 144
- 9/20/24 - Form 4
- RBA's page on the SEC website