Shares of Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $4.71.
GRAB has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Mizuho assumed coverage on shares of Grab in a research report on Thursday, June 27th. They set an “outperform” rating and a $5.00 price objective for the company. Finally, Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Wednesday, September 11th.
Check Out Our Latest Analysis on GRAB
Institutional Inflows and Outflows
Grab Stock Up 3.0 %
Grab stock opened at $3.73 on Monday. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of -53.29 and a beta of 0.83. Grab has a 52-week low of $2.90 and a 52-week high of $3.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00. The firm has a 50 day moving average price of $3.48 and a two-hundred day moving average price of $3.48.
Grab (NASDAQ:GRAB – Get Free Report) last announced its earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The business had revenue of $664.00 million during the quarter, compared to the consensus estimate of $674.17 million. During the same quarter last year, the firm earned ($0.03) earnings per share. Grab’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts predict that Grab will post -0.04 EPS for the current year.
About Grab
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.
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