Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) has earned an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.70.
Several research firms have commented on GRAB. Jefferies Financial Group decreased their target price on shares of Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Grab in a research report on Wednesday, September 11th. Mizuho started coverage on shares of Grab in a research note on Thursday, June 27th. They set an “outperform” rating and a $5.00 price target on the stock. Finally, Daiwa Capital Markets began coverage on shares of Grab in a research note on Wednesday. They issued an “outperform” rating and a $4.60 target price on the stock.
Check Out Our Latest Research Report on GRAB
Hedge Funds Weigh In On Grab
Grab Stock Down 0.5 %
GRAB stock opened at $4.14 on Monday. Grab has a one year low of $2.90 and a one year high of $4.32. The company has a 50 day moving average price of $3.52 and a two-hundred day moving average price of $3.50. The stock has a market capitalization of $16.24 billion, a P/E ratio of -59.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00.
Grab (NASDAQ:GRAB – Get Free Report) last issued its earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $674.17 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, sell-side analysts expect that Grab will post -0.04 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.
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