Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) has been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $5.07.
Several research firms have recently weighed in on GRAB. Barclays increased their price target on Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft began coverage on Grab in a report on Friday, May 17th. They set a “buy” rating and a $4.50 price target on the stock. HSBC reaffirmed a “buy” rating and issued a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Finally, Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Thursday, May 16th.
View Our Latest Stock Report on Grab
Institutional Investors Weigh In On Grab
Grab Stock Performance
Shares of GRAB opened at $3.53 on Tuesday. The business’s fifty day simple moving average is $3.57 and its two-hundred day simple moving average is $3.34. The company has a current ratio of 3.26, a quick ratio of 3.22 and a debt-to-equity ratio of 0.03. Grab has a 12 month low of $2.90 and a 12 month high of $3.92. The company has a market cap of $13.85 billion, a price-to-earnings ratio of -50.43 and a beta of 0.82.
Grab (NASDAQ:GRAB – Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $653.00 million for the quarter, compared to the consensus estimate of $662.48 million. Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. Research analysts anticipate that Grab will post -0.01 earnings per share 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.
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