Brokerages Set Grab Holdings Limited (NASDAQ:GRAB) Target Price at $5.62

Grab Holdings Limited (NASDAQ:GRAB) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $5.62.

GRAB has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Citigroup reissued a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Barclays raised their price objective 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. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a research note on Friday, February 21st. Finally, Benchmark restated a “buy” rating and set a $6.00 price target on shares of Grab in a research note on Thursday, February 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Twin Tree Management LP bought a new position in shares of Grab in the fourth quarter worth $25,000. Campbell Capital Management Inc. bought a new position in Grab in the 4th quarter worth about $30,000. Global Retirement Partners LLC purchased a new position in Grab during the 4th quarter valued at about $30,000. TD Private Client Wealth LLC grew its holdings in Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after buying an additional 7,890 shares in the last quarter. Finally, Allianz SE purchased a new position in Grab during the 4th quarter valued at about $44,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Down 0.4 %

Grab stock opened at $4.62 on Thursday. Grab has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm’s 50-day simple moving average is $4.67 and its 200 day simple moving average is $4.49. The stock has a market cap of $18.60 billion, a PE ratio of -231.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last announced 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 firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Research analysts predict 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.