Grab Holdings Limited (NASDAQ:GRAB) Receives $5.48 Average Target Price from Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has received a consensus rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $5.48.

A number of brokerages recently commented on GRAB. Barclays upped their target price on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Daiwa Capital Markets assumed coverage on Grab in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price objective for the company. JPMorgan Chase & Co. increased their price objective on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Evercore ISI increased their price objective on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Mizuho increased their price objective on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Grab

Institutional investors and hedge funds have recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Grab during the first quarter valued at $32,000. Blue Trust Inc. boosted its position in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares during the last quarter. Sage Rhino Capital LLC purchased a new stake in shares of Grab during the second quarter valued at $38,000. Traynor Capital Management Inc. purchased a new stake in shares of Grab during the third quarter valued at $41,000. Finally, Prospect Financial Services LLC purchased a new stake in shares of Grab during the second quarter valued at $53,000. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Performance

NASDAQ:GRAB opened at $4.73 on Friday. The firm has a market cap of $18.56 billion, a PE ratio of -236.50 and a beta of 0.81. Grab has a fifty-two week low of $2.90 and a fifty-two week high of $4.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.97 and a current ratio of 2.70. The business has a 50 day moving average price of $3.90 and a 200-day moving average price of $3.62.

Grab (NASDAQ:GRAB) last announced its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The company had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Equities research analysts predict that Grab will post -0.03 earnings per share for the current year.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.