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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $5.62.

A number of analysts recently weighed in on the stock. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Barclays increased their price target on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Evercore ISI boosted their price objective on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Citigroup reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Finally, Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Thursday, February 20th.

Grab Price Performance

Shares of Grab stock opened at $4.85 on Friday. The stock has a market cap of $19.53 billion, a price-to-earnings ratio of -242.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90. 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 stock has a 50 day moving average price of $4.74 and a 200-day moving average price of $4.34. Grab has a one year low of $2.98 and a one year high of $5.72.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Equities analysts expect that Grab will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Employees Retirement System of Texas purchased a new stake in shares of Grab in the 4th quarter worth approximately $190,000. Heck Capital Advisors LLC bought a new position in Grab in the fourth quarter worth approximately $321,000. Mackenzie Financial Corp lifted its holdings in Grab by 41.1% during the fourth quarter. Mackenzie Financial Corp now owns 202,263 shares of the company’s stock worth $955,000 after buying an additional 58,934 shares during the period. Public Employees Retirement System of Ohio boosted its position in Grab by 2,646.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 5,028,596 shares of the company’s stock valued at $23,735,000 after acquiring an additional 4,845,496 shares in the last quarter. Finally, JT Stratford LLC purchased a new position in shares of Grab in the 4th quarter valued at $286,000. 55.52% of the stock is currently owned by institutional investors.

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.