MakeMyTrip Limited Sets New 52-Week High at $34.34 (MMYT)
MakeMyTrip Limited (NASDAQ:MMYT) hit a new 52-week high on Tuesday , Analyst Ratings.Net reports. The company traded as high as $34.34 and last traded at $33.64, with a volume of 282,597 shares trading hands. The stock had previously closed at $33.44.
A number of research firms have recently commented on MMYT. Analysts at FBR Capital Markets raised their price target on shares of MakeMyTrip Limited from $14.00 to $20.00 in a research note on Wednesday, May 28th. They now have a “market perform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of MakeMyTrip Limited in a research note on Thursday, May 22nd. They now have a $25.00 price target on the stock, up previously from $21.00. Finally, analysts at Citigroup Inc. initiated coverage on shares of MakeMyTrip Limited in a research note on Wednesday, May 21st. They set a “buy” rating and a $27.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. MakeMyTrip Limited presently has a consensus rating of “Hold” and a consensus price target of $23.50.
The stock’s 50-day moving average is $25.46 and its 200-day moving average is $23.75. The company’s market cap is $1.401 billion.
MakeMyTrip Limited (NASDAQ:MMYT) last announced its earnings results on Wednesday, May 21st. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.04. The company had revenue of $60.85 million for the quarter, compared to the consensus estimate of $55.19 million. During the same quarter last year, the company posted ($0.17) earnings per share. MakeMyTrip Limited’s revenue was up 30.7% compared to the same quarter last year.
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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