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

Grab Holdings Limited (NASDAQ:GRAB) has been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.48.

Several brokerages have recently commented on GRAB. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a research note on Tuesday. Barclays upped their target price on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI raised their price target on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday. Mizuho upped their price objective on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research report on Tuesday.

Grab Stock Down 3.3 %

GRAB opened at $4.73 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.00 and a quick ratio of 2.97. Grab has a 12 month low of $2.90 and a 12 month high of $4.93. The stock has a market capitalization of $18.56 billion, a P/E ratio of -236.50 and a beta of 0.81. The business has a 50 day simple moving average of $3.87 and a 200-day simple moving average of $3.61.

Grab (NASDAQ:GRAB) last released its earnings results 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 company had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. During the same quarter last year, the company earned ($0.02) earnings per share. On average, equities analysts anticipate that Grab will post -0.04 earnings per share for the current fiscal year.

Institutional Trading of Grab

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of 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. Dorsey & Whitney Trust CO LLC purchased a new position in Grab during the first quarter worth approximately $32,000. Traynor Capital Management Inc. acquired a new position in shares of Grab in the 3rd quarter valued at $41,000. Sage Rhino Capital LLC purchased a new stake in shares of Grab during the 2nd quarter valued at $38,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of Grab during the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

About Grab

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.