Grab (NASDAQ:GRAB) Earns Outperform Rating from Analysts at Mizuho

Mizuho initiated coverage on shares of Grab (NASDAQ:GRAB) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $5.00 price target on the stock.

Several other equities analysts have also recently issued reports on the company. HSBC reissued a buy rating and set a $4.30 target price on shares of Grab in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Grab in a research report on Friday, May 17th. They set a buy rating and a $4.50 price objective on the stock. Barclays raised their target price on shares of Grab from $4.30 to $4.70 and gave the stock an overweight rating in a research report on Wednesday, May 22nd. Finally, Benchmark reiterated a buy rating and set a $6.00 price target on shares of Grab in a research report on Thursday, May 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $5.06.

Grab Trading Up 0.3 %

Shares of GRAB opened at $3.55 on Thursday. The stock has a market capitalization of $13.93 billion, a P/E ratio of -50.71 and a beta of 0.82. Grab has a twelve month low of $2.90 and a twelve month high of $3.92. The company has a quick ratio of 3.22, a current ratio of 3.26 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $3.58 and a two-hundred day simple moving average of $3.35.

Grab (NASDAQ:GRAB) last posted its earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. The firm had revenue of $653.00 million for the quarter, compared to analysts’ expectations of $662.48 million. On average, research analysts anticipate that Grab will post -0.01 EPS for the current year.

Institutional Trading of Grab

Hedge funds have recently made changes to their positions in the stock. PFG Investments LLC purchased a new position in Grab during the first quarter valued at $31,000. Miracle Mile Advisors LLC bought a new position in Grab in the 1st quarter worth about $32,000. Dorsey & Whitney Trust CO LLC purchased a new stake in Grab during the 1st quarter valued at about $32,000. Callan Capital LLC bought a new stake in Grab during the 1st quarter valued at about $34,000. Finally, Optas LLC purchased a new position in Grab in the fourth quarter worth about $36,000. 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.