MakeMyTrip Ltd. (MMYT) Stock Price Up 2.1%
MakeMyTrip Ltd. (NASDAQ:MMYT) rose 2.1% during trading on Thursday . The stock traded as high as $19.30 and last traded at $19.25, with a volume of 87,045 shares changing hands. The stock had previously closed at $18.85.
MMYT has been the subject of several recent research reports. Nomura upgraded shares of MakeMyTrip from a “reduce” rating to a “neutral” rating and reduced their price target for the company from $14.50 to $14.00 in a report on Friday, June 3rd. Zacks Investment Research raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Jefferies Group lifted their price objective on shares of MakeMyTrip from $19.10 to $19.80 and gave the stock a “buy” rating in a research report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.68.
The firm has a 50 day moving average of $18.17 and a 200-day moving average of $17.23. The company’s market cap is $808.97 million.
MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Wednesday, July 27th. The company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by $0.09. During the same period in the previous year, the business posted ($0.05) earnings per share. The business had revenue of $121.23 million for the quarter, compared to the consensus estimate of $93.66 million. MakeMyTrip’s revenue for the quarter was up 54.5% compared to the same quarter last year. On average, analysts expect that MakeMyTrip Ltd. will post ($2.58) earnings per share for the current 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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