Grab Holdings Limited (NASDAQ:GRAB) Receives Average Rating of “Moderate Buy” from Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.62.

A number of equities analysts have recently commented on the stock. China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a report on Thursday, November 21st. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a report on Friday, February 21st. Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Evercore ISI increased their target price on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th.

Institutional Investors Weigh In On Grab

A number of large investors have recently added to or reduced their stakes in GRAB. Twin Tree Management LP bought a new stake in Grab in the 4th quarter worth $25,000. Global Retirement Partners LLC purchased a new position in Grab during the 4th quarter valued at about $30,000. Campbell Capital Management Inc. bought a new stake in Grab during the fourth quarter worth about $30,000. Blue Trust Inc. boosted its stake in Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after acquiring an additional 3,408 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in Grab by 7,238.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after acquiring an additional 7,890 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $4.83 on Friday. The company’s fifty day moving average price is $4.74 and its 200-day moving average price is $4.32. The firm has a market capitalization of $19.45 billion, a price-to-earnings ratio of -241.50, a PEG ratio of 2.26 and a beta of 0.90. Grab has a one year low of $2.98 and a one year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. On average, equities research analysts anticipate that Grab will post 0.05 earnings per share 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.