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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $5.54.

Several equities analysts have recently issued reports on the stock. China Renaissance downgraded shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a report on Thursday, November 21st. Mizuho upped their price target on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Daiwa Capital Markets assumed coverage on Grab in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective for the company. JPMorgan Chase & Co. boosted their target price on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Bank of America upgraded Grab from an “underperform” rating to a “neutral” rating and increased their price target for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th.

Institutional Investors Weigh In On Grab

Several institutional investors and hedge funds have recently modified their holdings of GRAB. Global Retirement Partners LLC bought a new position in Grab during the fourth quarter valued at about $30,000. Blue Trust Inc. increased 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 valued at $35,000 after acquiring an additional 3,408 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in shares of Grab in the 4th quarter valued at approximately $48,000. Atria Wealth Solutions Inc. acquired a new stake in Grab in the 4th quarter worth approximately $49,000. Finally, Traynor Capital Management Inc. bought a new stake in Grab during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $5.11 on Wednesday. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of -255.50, a PEG ratio of 1.91 and a beta of 0.90. 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 has a 12 month low of $2.98 and a 12 month high of $5.72. The stock’s 50 day moving average price is $4.85 and its 200 day moving average price is $4.15.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Equities research analysts anticipate that Grab will post -0.02 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.