Barclays Raises Grab (NASDAQ:GRAB) Price Target to $4.70

Grab (NASDAQ:GRAB) had its price target increased by analysts at Barclays from $4.30 to $4.70 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 28.07% from the stock’s current price.

GRAB has been the subject of a number of other reports. HSBC reiterated a “buy” rating and issued a $4.30 target price on shares of Grab in a research note on Thursday, April 4th. Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, May 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Grab in a report on Friday, May 17th. They issued a “buy” rating and a $4.50 price target for the company. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $5.07.

Grab Trading Down 0.8 %

GRAB opened at $3.67 on Wednesday. The stock’s 50 day moving average price is $3.39 and its 200-day moving average price is $3.27. Grab has a one year low of $2.85 and a one year high of $3.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.87 and a current ratio of 3.26. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of -52.42 and a beta of 0.81.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $653.00 million for the quarter, compared to the consensus estimate of $633.82 million. Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. The business’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) EPS. On average, equities analysts forecast that Grab will post -0.01 EPS for the current year.

Institutional Trading of Grab

Several hedge funds have recently made changes to their positions in GRAB. PFG Investments LLC acquired a new position in shares of Grab in the first quarter worth $31,000. Miracle Mile Advisors LLC purchased a new position in Grab in the first quarter worth approximately $32,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Grab during the 1st quarter worth $32,000. Callan Capital LLC acquired a new position in shares of Grab during the first quarter worth $34,000. Finally, Optas LLC acquired a new stake in Grab in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.