MakeMyTrip Ltd. (MMYT) Shares Down 1.2%
MakeMyTrip Ltd. (NASDAQ:MMYT) shares fell 1.2% during mid-day trading on Monday . The company traded as low as $18.89 and last traded at $19.17, with a volume of 58,457 shares traded. The stock had previously closed at $19.41.
A number of research firms recently issued reports on MMYT. Zacks Investment Research downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Jefferies Group raised their price target on MakeMyTrip from $19.10 to $19.80 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Nomura upgraded MakeMyTrip from a “reduce” rating to a “neutral” rating and dropped their price target for the stock from $14.50 to $14.00 in a research note on Friday, June 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. MakeMyTrip has a consensus rating of “Hold” and a consensus target price of $16.68.
The company’s market cap is $798.97 million. The firm’s 50-day moving average is $18.27 and its 200 day moving average is $17.29.
MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.73) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.64) by $0.09. The business earned $121.23 million during 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 in the previous year, the company posted ($0.05) EPS. Analysts predict that MakeMyTrip Ltd. will post ($2.58) earnings per share 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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