Grab (NASDAQ:GRAB) Price Target Raised to $6.00 at Mizuho

Grab (NASDAQ:GRAB) had its price objective lifted by Mizuho from $5.00 to $6.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group decreased their price objective on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price target on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Daiwa Capital Markets began coverage on shares of Grab in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price objective on the stock. Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Tuesday, November 12th. Finally, Evercore ISI boosted their price target on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.48.

Grab Stock Performance

NASDAQ GRAB opened at $4.73 on Wednesday. Grab has a 12 month low of $2.90 and a 12 month high of $4.93. The company has a market capitalization of $18.56 billion, a price-to-earnings ratio of -236.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.97. The firm’s fifty day moving average price is $3.90 and its 200 day moving average price is $3.61.

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

Institutional Trading of Grab

Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in Grab by 8.1% in the second quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company’s stock valued at $143,000 after acquiring an additional 3,020 shares during the period. Empowered Funds LLC grew its position in Grab by 7.7% during the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after buying an additional 3,147 shares during the period. Blue Trust Inc. increased its holdings in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Grab by 37.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after acquiring an additional 3,795 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Grab by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock worth $2,951,000 after acquiring an additional 3,941 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

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.