MakeMyTrip Ltd. (MMYT) Stock Price Up 2.1%
Shares of MakeMyTrip Ltd. (NASDAQ:MMYT) rose 2.1% during mid-day trading on Thursday . The stock traded as high as $19.30 and last traded at $19.25, with a volume of 87,045 shares traded. The stock had previously closed at $18.85.
MMYT has been the subject of several research analyst reports. Jefferies Group increased their target price on MakeMyTrip from $19.10 to $19.80 and gave the stock a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Friday, August 12th. Finally, Nomura raised MakeMyTrip from a “reduce” rating to a “neutral” rating and dropped their price target for the company 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 currently has an average rating of “Hold” and a consensus price target of $16.68.
The company’s 50-day moving average price is $18.06 and its 200 day moving average price is $17.20. The stock’s market capitalization is $802.30 million.
MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data 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 firm earned $121.23 million during the quarter, compared to analyst estimates of $93.66 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. On average, equities research analysts anticipate that MakeMyTrip Ltd. will post ($2.58) EPS 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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