MakeMyTrip Ltd. (MMYT) Rating Reiterated by Jefferies Group
MakeMyTrip Ltd. (NASDAQ:MMYT)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a research report issued on Monday.
Separately, Zacks Investment Research raised shares of MakeMyTrip from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. MakeMyTrip presently has an average rating of “Hold” and a consensus target price of $18.34.
Shares of MakeMyTrip (NASDAQ:MMYT) opened at 23.45 on Monday. The firm’s market capitalization is $976.15 million. The company has a 50-day moving average of $25.84 and a 200-day moving average of $19.93. MakeMyTrip has a 1-year low of $13.69 and a 1-year high of $31.90.
MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Wednesday, October 26th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.66) by $0.05. The business had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $50.67 million. MakeMyTrip had a negative net margin of 32.90% and a negative return on equity of 149.89%. The business’s quarterly revenue was up 46.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) earnings per share. Equities research analysts predict that MakeMyTrip will post ($2.41) EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Think Investments LP raised its stake in MakeMyTrip by 104.8% in the second quarter. Think Investments LP now owns 1,239,600 shares of the company’s stock worth $18,420,000 after buying an additional 634,300 shares during the last quarter. KCG Holdings Inc. purchased a new stake in MakeMyTrip during the second quarter worth $189,000. Indus Capital Partners LLC raised its stake in MakeMyTrip by 37.2% in the second quarter. Indus Capital Partners LLC now owns 31,000 shares of the company’s stock worth $461,000 after buying an additional 8,400 shares during the last quarter. FMR LLC raised its stake in MakeMyTrip by 49.7% in the second quarter. FMR LLC now owns 1,480,600 shares of the company’s stock worth $22,002,000 after buying an additional 491,400 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in MakeMyTrip during the second quarter worth $5,625,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.
MakeMyTrip Company Profile
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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