MakeMyTrip Limited Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:MMYT)
MakeMyTrip Limited (NASDAQ:MMYT) has earned an average rating of “Hold” from the ten brokerages that are presently covering the company, AnalystRatingsNetwork.com reports. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $25.03.
A number of research firms have recently commented on MMYT. Analysts at Zacks upgraded shares of MakeMyTrip Limited from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $37.30 price target on the stock. Separately, 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. Finally, 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.
MakeMyTrip Limited (NASDAQ:MMYT) traded down 3.36% on Tuesday, hitting $30.51. The stock had a trading volume of 29,005 shares. MakeMyTrip Limited has a one year low of $13.02 and a one year high of $36.12. The stock’s 50-day moving average is $29.0 and its 200-day moving average is $24.81. The company’s market cap is $1.270 billion.
MakeMyTrip Limited (NASDAQ:MMYT) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.17) earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis.
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).