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

Grab Holdings Limited (NASDAQ:GRAB) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.47.

A number of brokerages recently commented on GRAB. Barclays lifted their price target on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Mizuho boosted their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target for the company. in a research report on Thursday. Daiwa Capital Markets began coverage on shares of Grab in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price objective on the stock. Finally, Benchmark reissued a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC bought a new position in shares of Grab in the first quarter worth $32,000. Blue Trust Inc. increased its holdings in Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after acquiring an additional 3,408 shares during the period. Sage Rhino Capital LLC purchased a new stake in Grab in the 2nd quarter worth approximately $38,000. Traynor Capital Management Inc. bought a new position in Grab in the 3rd quarter valued at $41,000. Finally, Prospect Financial Services LLC purchased a new position in shares of Grab during the 2nd quarter valued at $53,000. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

GRAB stock opened at $5.67 on Friday. The company has a market capitalization of $22.24 billion, a P/E ratio of -283.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab has a 52-week low of $2.90 and a 52-week high of $5.72. The business has a 50-day simple moving average of $4.06 and a two-hundred day simple moving average of $3.67.

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