Why Has Mizuho Securities Given Grubhub Inc (NYSE:GRUB) a $31.00 Price Target
In an analyst note distributed to Clients on 3 December, stock analysts at Mizuho Securities began coverage for Grubhub Inc (NYSE:GRUB) shares. The firm has decided to set a Buy rating along with a $31.00, adding 18.37% to the target.
From a total of 18 analysts covering Grubhub Inc (NYSE:GRUB) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 74% of the ratings are positive. The highest target price is $40 while the lowest target price is $22. The mean of all analyst targets is $31.72 with a 22.75% above today’s ($26.07) stock price. Grubhub Inc was the topic of 16 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on October 28 with “Outperform” rating. Susquehanna initiated shares with “Positive” rating and $44 target share price in a report from an August 10. RBC Capital Markets downgraded GRUB stock in a recent report from October 28 to “Sector Perform” rating. Finally, Brean Capital maintained the stock with “Buy” rating in a report issued on an October 28.
Approximately 564,815 shares of stock traded hands. GrubHub Inc (NYSE:GRUB) has declined 36.43% since April 30, 2015 and is downtrending. It has underperformed by 36.15% the S&P500.
GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The company has a market cap of $2.21 billion. The Firm connects more than 30,000 local restaurants with diners in more than 800 cities across the United States. It has 59.14 P/E ratio. The Company’s target market is primarily composed of independent restaurants.
According to Zacks Investment Research, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States.” Get a free copy of the Zacks research report on GrubHub Inc (GRUB).