MakeMyTrip Ltd. (MMYT) Stock Price Up 4.3%
MakeMyTrip Ltd. (NASDAQ:MMYT) shares rose 4.3% during mid-day trading on Friday . The stock traded as high as $19.87 and last traded at $19.80, with a volume of 172,367 shares. The stock had previously closed at $18.99.
MMYT has been the subject of several recent analyst reports. Zacks Investment Research cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Nomura upgraded shares of MakeMyTrip from a “reduce” rating to a “neutral” rating and reduced their price target for the stock from $14.50 to $14.00 in a research note on Friday, June 3rd. Finally, Jefferies Group lifted their price target on shares of MakeMyTrip from $19.10 to $19.80 and gave the stock a “buy” rating in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. MakeMyTrip presently has a consensus rating of “Hold” and a consensus target price of $16.68.
The company has a 50 day moving average price of $16.78 and a 200 day moving average price of $17.06. The company’s market capitalization is $824.81 million.
MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, July 27th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by $0.09. The business had revenue of $121.23 million for the quarter, compared to the consensus estimate of $93.66 million. MakeMyTrip’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. Equities research analysts anticipate that MakeMyTrip Ltd. will post ($2.58) EPS for the current fiscal year.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT India). Through its primary Website, www.makemytrip.com, or MakeMyTrip.com, its subsidiaries’ websites, such as www.hoteltravel.com, www.makemytrip.ae, www.makemytrip.com.sg, and other technology-enhanced distribution channels in India, including its call centers, travel stores and travel agents’ network, travelers can research, plan and book a wide range of travel services and products in India, as well as overseas.
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