Grab Holdings Limited (NASDAQ:GRAB) Receives $5.60 Average Price Target from Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.60.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Grab from $5.60 to $5.30 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Barclays boosted their target price on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GRAB. Twin Tree Management LP bought a new position in Grab during the 4th quarter valued at approximately $25,000. Garde Capital Inc. bought a new position in shares of Grab in the 1st quarter worth approximately $29,000. Global Retirement Partners LLC bought a new position in shares of Grab in the 4th quarter worth approximately $30,000. Campbell Capital Management Inc. bought a new position in shares of Grab in the 4th quarter worth approximately $30,000. Finally, TD Private Client Wealth LLC raised its position in shares of Grab by 7,238.5% in the 4th 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 Stock Down 0.6%

GRAB stock opened at $4.90 on Friday. Grab has a twelve month low of $2.98 and a twelve month high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average is $4.43 and its 200-day moving average is $4.67. The firm has a market capitalization of $19.73 billion, a PE ratio of -245.00, a P/E/G ratio of 2.26 and a beta of 0.86.

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. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Sell-side analysts expect that Grab will post 0.05 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.