MakeMyTrip Ltd. (MMYT) Trading Up 4.3%
MakeMyTrip Ltd. (NASDAQ:MMYT) was up 4.3% during trading on Friday . The stock traded as high as $19.87 and last traded at $19.80, with a volume of 172,367 shares changing hands. The stock had previously closed at $18.99.
Several equities research analysts have recently commented on MMYT shares. Zacks Investment Research lowered 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 objective for the stock from $14.50 to $14.00 in a research note on Friday, June 3rd. Finally, Jefferies Group boosted their price objective 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.68.
The company has a 50-day moving average of $16.78 and a 200-day moving average of $17.06. The stock’s market capitalization is $824.81 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. Equities research analysts forecast 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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