Analysts Set Grab Holdings Limited (NASDAQ:GRAB) PT at $5.62

Grab Holdings Limited (NASDAQ:GRAB) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.62.

GRAB has been the topic of a number of research reports. Barclays increased their target price on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a report on Friday, February 21st. Citigroup reissued a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, HSBC raised shares of Grab from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th.

Grab Trading Up 1.3 %

NASDAQ GRAB opened at $4.64 on Thursday. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of -232.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab has a 12 month low of $2.98 and a 12 month high of $5.72. The company’s fifty day moving average price is $4.66 and its two-hundred day moving average price is $4.47. 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 earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, research analysts predict that Grab will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grab

Several large investors have recently bought and sold shares of the stock. 111 Capital acquired a new position in Grab during the 4th quarter valued at about $7,165,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in Grab during the 4th quarter valued at about $6,829,000. Wealthedge Investment Advisors LLC acquired a new position in Grab during the 4th quarter valued at about $68,000. Employees Retirement System of Texas acquired a new position in Grab during the 4th quarter valued at about $190,000. Finally, Heck Capital Advisors LLC acquired a new position in Grab during the 4th quarter valued at about $321,000. Institutional investors and hedge funds 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.