Mizuho Issues Positive Forecast for Grab (NASDAQ:GRAB) Stock Price

Grab (NASDAQ:GRAB) had its price objective hoisted by equities research analysts at Mizuho from $5.00 to $6.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential upside of 22.70% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Daiwa Capital Markets initiated coverage on shares of Grab in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research report on Tuesday. Jefferies Financial Group reduced their target price on shares of Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Benchmark reissued a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Tuesday. Finally, Evercore ISI increased their target price on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Grab presently has an average rating of “Buy” and a consensus target price of $5.39.

Grab Trading Up 11.6 %

GRAB opened at $4.89 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.00 and a quick ratio of 2.97. Grab has a fifty-two week low of $2.90 and a fifty-two week high of $4.93. The firm has a market capitalization of $19.18 billion, a PE ratio of -244.50 and a beta of 0.81. The company’s 50-day moving average is $3.81 and its 200 day moving average is $3.59.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The business had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. During the same period in the prior year, the firm posted ($0.02) EPS. As a group, research analysts predict that Grab will post -0.04 earnings per share for the current fiscal year.

Institutional Trading of Grab

Institutional investors have recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Grab during the 1st quarter valued at approximately $32,000. Blue Trust Inc. lifted its stake in Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares in the last quarter. Sage Rhino Capital LLC purchased a new stake in Grab in the 2nd quarter worth approximately $38,000. Traynor Capital Management Inc. purchased a new stake in Grab in the 3rd quarter worth approximately $41,000. Finally, Prospect Financial Services LLC purchased a new stake in Grab in the 2nd quarter worth approximately $53,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

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.