Grab Holdings Limited (NASDAQ:GRAB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given an average rating of “Moderate Buy” by the twelve research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.55.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped 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. Barclays upped their price target on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI boosted their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. HSBC lowered shares of Grab from a “buy” rating to a “hold” rating and raised their price target for the company from $4.25 to $5.50 in a report on Thursday, December 5th. Finally, Daiwa Capital Markets began coverage on shares of Grab in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective for the company.

Institutional Investors Weigh In On Grab

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Grab by 53.6% during the 3rd 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. Traynor Capital Management Inc. acquired a new position in Grab during the 3rd quarter worth $41,000. SeaBridge Investment Advisors LLC acquired a new stake in shares of Grab in the 4th quarter valued at about $48,000. Glenmede Trust Co. NA bought a new position in shares of Grab during the third quarter worth about $53,000. Finally, Baldwin Wealth Partners LLC MA acquired a new position in Grab in the fourth quarter worth about $67,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Performance

NASDAQ:GRAB opened at $4.56 on Wednesday. Grab has a 1-year low of $2.98 and a 1-year high of $5.72. The firm has a 50 day simple moving average of $4.91 and a 200-day simple moving average of $4.10. The firm has a market cap of $18.36 billion, a PE ratio of -228.00, a P/E/G ratio of 1.84 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

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