Grab (NASDAQ:GRAB) Given New $6.50 Price Target at Barclays

Grab (NASDAQ:GRAB) had its price target raised by Barclays from $5.50 to $6.50 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

GRAB has been the subject of several other reports. Bank of America upgraded 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 research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of Grab from an “overweight” rating to a “neutral” rating in a report on Wednesday, February 5th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and lowered their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Finally, China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Grab presently has an average rating of “Moderate Buy” and an average price target of $5.63.

Grab Stock Performance

GRAB opened at $4.78 on Thursday. The company has a market cap of $19.25 billion, a price-to-earnings ratio of -239.00, a PEG ratio of 2.21 and a beta of 0.90. The firm’s fifty day simple moving average is $4.77 and its two-hundred day simple moving average is $4.27. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab has a 52-week low of $2.98 and a 52-week high of $5.72.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. Equities analysts anticipate that Grab will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Grab

Several institutional investors have recently made changes to their positions in the company. Twin Tree Management LP acquired a new stake in Grab during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new position in shares of Grab in the 4th quarter valued at $30,000. Campbell Capital Management Inc. purchased a new position in shares of Grab during the 4th quarter worth $30,000. Blue Trust Inc. increased its position in shares of Grab by 53.6% during 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 during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after buying an additional 7,890 shares during the period. Hedge funds and other institutional investors 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.