Makemytrip Limited Now Covered by FBR Capital Markets (MMYT)
Equities researchers at FBR Capital Markets began coverage on shares of Makemytrip Limited (NASDAQ:MMYT) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $14.00 price target on the stock. FBR Capital Markets’ price objective would suggest a potential downside of 5.34% from the stock’s previous close.
Shares of Makemytrip Limited (NASDAQ:MMYT) traded down 1.53% on Wednesday, hitting $14.79. 22,978 shares of the company’s stock traded hands. Makemytrip Limited has a 1-year low of $10.77 and a 1-year high of $18.50. The stock has a 50-day moving average of $13.69 and a 200-day moving average of $13.53. The company’s market cap is $556.4 million.
Makemytrip Limited (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.10. The company had revenue of $26.00 million for the quarter, compared to the consensus estimate of $64.13 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Makemytrip Limited from a “sell” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Deutsche Bank raised their price target on shares of Makemytrip Limited from $11.00 to $13.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Finally, analysts at Pacific Crest downgraded shares of Makemytrip Limited from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, August 8th. They now have a $16.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $14.83.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (NASDAQ:MMYT) Private Limited (MMT) India.
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