Grab Holdings Limited (NASDAQ:GRAB) Receives $5.62 Average Price Target from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $5.60.

A number of analysts recently commented on the company. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Citigroup reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. CLSA raised shares of Grab to a “moderate buy” rating in a research report on Wednesday, April 9th. Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Grab from $5.60 to $5.30 and set an “overweight” rating for the company in a research note on Wednesday.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GRAB. Uber Technologies Inc acquired a new stake in Grab during the fourth quarter worth about $2,529,462,000. Toyota Motor Corp purchased a new stake in shares of Grab during the 4th quarter worth about $1,052,117,000. Hanwha Asset Management Co. Ltd. acquired a new stake in Grab during the 4th quarter worth approximately $227,718,000. Baillie Gifford & Co. raised its holdings in Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after buying an additional 4,259,537 shares during the period. Finally, Perpetual Ltd acquired a new position in Grab during the fourth quarter valued at approximately $213,177,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Stock Performance

Shares of GRAB opened at $4.12 on Monday. Grab has a 12-month low of $2.98 and a 12-month high of $5.72. The stock has a market cap of $16.57 billion, a P/E ratio of -205.75, a PEG ratio of 2.26 and a beta of 0.88. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $4.49 and a two-hundred day moving average of $4.56.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $764.00 million during 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%. As a group, 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.