Citigroup reissued their maintains rating on shares of Grab$Grab Holdings(GRAB)$ in a research report sent to investors.
Other research analysts have also recently issued research reports about the company.
- HSBC cut their price objective on Grab from $7.50 to $4.75 and set a buy rating on the stock in a research report.
- China Renaissance started coverage on Grab in a research report, they issued a buy rating and a $4.20 price objective on the stock.
- KGI Securities started coverage on Grab in a research report, they issued a neutral rating on the stock.
- Deutsche Bank Aktiengesellschaft started coverage on Grab in a research report, they issued a buy rating and a $3.20 price objective on the stock.
- Sanford C. Bernstein raised Grab from a market perform rating to an outperform rating and set a $3.04 price objective on the stock in a research report.
One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Grab has an average rating of Moderate Buy and a consensus target price of $5.50.
Grab Stock Performance
The company has a quick ratio of 8.03, a current ratio of 8.07 and a debt-to-equity ratio of 0.27. Grab has a 12-month low of $2.26 and a 12-month high of $13.29. The business’s 50 day moving average is $2.62 and its 200 day moving average is $3.62.
Grab last announced its earnings results on Thursday, May 19th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $134.87 million. As a group, equities analysts predict that Grab will post -0.33 EPS for the current fiscal year.Institutional Trading of Grab
A number of hedge funds and other institutional investors have recently made changes to their positions in GRAB. SB Investment Advisers UK Ltd. bought a new stake in shares of Grab during the 4th quarter valued at $4,985,119,000. Mufg Bank LTD. bought a new stake in shares of Grab during the 4th quarter valued at $1,373,168,000.
Capital Research Global Investors bought a new stake in shares of Grab during the 4th quarter valued at $504,301,000. BlackRock Inc. bought a new stake in shares of Grab during the 1st quarter valued at $161,045,000. Finally, Invesco Ltd. bought a new stake in shares of Grab during the 4th quarter valued at $317,176,000. 46.25% of the stock is currently owned by institutional investors.
Comments