Grab (NASDAQ:GRAB) Stock Rating Upgraded by Hsbc Global Res

Grab (NASDAQ:GRAB) was upgraded by Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other equities research analysts have also commented on GRAB. Jefferies Financial Group restated a “buy” rating and set a $7.00 price objective on shares of Grab in a research report on Tuesday, November 4th. Wall Street Zen lowered shares of Grab from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Mizuho set a $7.00 price target on shares of Grab in a report on Tuesday, November 4th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective on the stock in a research note on Friday. Finally, Benchmark increased their target price on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $6.58.

Grab Trading Down 0.2%

NASDAQ GRAB opened at $4.38 on Friday. The firm’s 50 day moving average price is $5.14 and its two-hundred day moving average price is $5.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83. Grab has a twelve month low of $3.36 and a twelve month high of $6.62. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 109.53 and a beta of 0.90.

Grab (NASDAQ:GRAB) last issued its earnings results on Tuesday, November 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $873.00 million during the quarter, compared to analyst estimates of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. Equities analysts anticipate that Grab will post 0.05 EPS for the current year.

Institutional Trading of Grab

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Grab by 15.0% during the third quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock worth $82,000 after buying an additional 1,768 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Grab by 19.3% during the 3rd quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after acquiring an additional 1,957 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of Grab by 6.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock worth $200,000 after acquiring an additional 2,007 shares in the last quarter. Centurion Wealth Management LLC raised its stake in shares of Grab by 4.4% in the 3rd quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock valued at $294,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Pitcairn Co. raised its stake in shares of Grab by 11.0% in the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after acquiring an additional 2,080 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.