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

Grab Holdings Limited (NASDAQ:GRAB) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is $5.10.

A number of research firms have weighed in on GRAB. HSBC reiterated a “buy” rating and set a $4.30 price objective on shares of Grab in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $3.60 to $3.80 in a report on Thursday, January 18th. Finally, Barclays decreased their price objective on shares of Grab from $4.50 to $4.30 and set an “overweight” rating on the stock in a report on Monday, February 5th.

Grab Price Performance

Shares of NASDAQ GRAB opened at $3.50 on Monday. Grab has a 52 week low of $2.67 and a 52 week high of $3.92. The company has a quick ratio of 3.87, a current ratio of 3.90 and a debt-to-equity ratio of 0.10. The firm has a market cap of $13.73 billion, a P/E ratio of -35.00 and a beta of 0.91. The business’s 50 day moving average price is $3.24 and its 200 day moving average price is $3.22.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. The business had revenue of $653.00 million for the quarter, compared to the consensus estimate of $633.82 million. During the same period in the prior year, the firm earned ($0.10) EPS. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, sell-side analysts expect that Grab will post 0.01 earnings per share for the current year.

Institutional Trading of Grab

Large investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in Grab during the third quarter worth $35,000. PFG Investments LLC purchased a new stake in shares of Grab in the 1st quarter valued at approximately $31,000. Miracle Mile Advisors LLC acquired a new position in Grab during the first quarter worth $32,000. Sage Rhino Capital LLC acquired a new position in Grab during the 3rd quarter worth about $38,000. Finally, Optas LLC purchased a new position in Grab during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors 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.