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

Grab Holdings Limited (NASDAQ:GRAB) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.55.

A number of research analysts recently commented on GRAB shares. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $4.90 to $5.10 in a report on Tuesday. Evercore ISI upped their target price on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Tuesday, November 12th. Mizuho boosted their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

Institutional Investors Weigh In On Grab

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Grab by 52.4% in the second quarter. Bank of New York Mellon Corp now owns 4,837,740 shares of the company’s stock worth $17,174,000 after buying an additional 1,662,479 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Grab by 9.0% in the 2nd quarter. Principal Financial Group Inc. now owns 144,649 shares of the company’s stock worth $514,000 after acquiring an additional 11,987 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Grab by 15.5% during the 2nd quarter. CIBC Asset Management Inc now owns 194,435 shares of the company’s stock worth $690,000 after purchasing an additional 26,042 shares during the period. TD Asset Management Inc boosted its stake in shares of Grab by 16.3% during the 2nd quarter. TD Asset Management Inc now owns 594,362 shares of the company’s stock worth $2,110,000 after purchasing an additional 83,096 shares during the period. Finally, Victory Capital Management Inc. bought a new position in Grab during the 2nd quarter valued at about $327,000. 55.52% of the stock is owned by institutional investors.

Grab Stock Down 3.0 %

Shares of GRAB stock opened at $4.49 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab has a one year low of $2.90 and a one year high of $5.72. The company’s fifty day moving average price is $4.92 and its 200-day moving average price is $4.01. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of -224.50 and a beta of 0.90.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The business had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same period last year, the firm earned ($0.02) earnings per share. Sell-side analysts expect that Grab will post -0.03 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.