Grab Holdings Limited (NASDAQ:GRAB) Receives $5.53 Average Target Price from Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $5.53.

A number of research firms have recently issued reports on GRAB. Barclays raised their target price on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI upped their price target on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. China Renaissance lowered Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective on the stock. in a research note on Thursday, November 21st. 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 target price on the stock. Finally, Mizuho upped their price objective on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Grab Stock Performance

Shares of GRAB opened at $4.87 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a 50-day moving average of $4.89 and a 200-day moving average of $3.99. The company has a market cap of $19.61 billion, a PE ratio of -243.50 and a beta of 0.90. Grab has a one year low of $2.90 and a one year high of $5.72.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The firm had revenue of $716.00 million for 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. As a group, equities analysts forecast that Grab will post -0.03 earnings per share for the current year.

Institutional Trading of Grab

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in 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 purchasing an additional 3,408 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in shares of Grab during the third quarter worth about $41,000. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Grab by 37.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after acquiring an additional 3,795 shares during the last quarter. Glenmede Trust Co. NA bought a new position in Grab in the 3rd quarter valued at about $53,000. Finally, Wedbush Securities Inc. acquired a new position in Grab during the 2nd quarter valued at about $65,000. 55.52% of the stock is owned by institutional investors.

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.