Grab Holdings Limited (NASDAQ:GRAB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Grab Holdings Limited (NASDAQ:GRAB – Get Rating) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.12.

A number of analysts have weighed in on GRAB shares. Sanford C. Bernstein upgraded shares of Grab from a “market perform” rating to an “outperform” rating and set a $3.04 price objective for the company in a research note on Tuesday, May 31st. China Renaissance started coverage on shares of Grab in a research note on Monday, June 6th. They set a “buy” rating and a $4.20 price objective for the company. Bank of America started coverage on shares of Grab in a research note on Tuesday, March 15th. They set a “neutral” rating and a $3.60 price objective for the company. HSBC reduced their price objective on shares of Grab from $7.50 to $4.75 and set a “buy” rating for the company in a research note on Monday, May 23rd. Finally, Citigroup raised their price target on shares of Grab from $5.80 to $6.00 and gave the company a “buy” rating in a report on Friday, May 20th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arena Capital Advisors LLC CA bought a new stake in Grab during the 1st quarter worth approximately $35,000. Dimensional Fund Advisors LP bought a new stake in Grab during the 1st quarter worth approximately $40,000. Intersect Capital LLC bought a new stake in Grab during the 1st quarter worth approximately $41,000. Asahi Life Asset Management CO. LTD. bought a new stake in Grab during the 1st quarter worth approximately $42,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Grab during the 4th quarter worth approximately $64,000. Institutional investors own 46.25% of the company’s stock.

Shares of Grab stock opened at $2.56 on Thursday. The company has a current ratio of 8.07, a quick ratio of 8.03 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $2.76 and a 200 day moving average of $4.51. Grab has a 1 year low of $2.26 and a 1 year high of $13.29.

Grab (NASDAQ:GRAB – Get Rating) last issued its quarterly earnings results on Thursday, May 19th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $228.00 million during the quarter, compared to the consensus estimate of $134.87 million. Equities research analysts forecast that Grab will post -0.39 EPS for the current fiscal year.

Grab Company Profile (Get Rating)

Grab Holdings Limited operates a transportation and fintech platform in Southeast Asia. It offers a range of services, including mobility, food, package and grocery delivery services, mobile payments, and financial services. The company was founded in 2012 and is based in Singapore.

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