MakeMyTrip Limited Given Consensus Rating of “Hold” by Brokerages (NASDAQ:MMYT)
MakeMyTrip Limited (NASDAQ:MMYT) has been given an average recommendation of “Hold” by the ten brokerages that are covering the stock, Analyst Ratings Net reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $25.03.
Shares of MakeMyTrip Limited (NASDAQ:MMYT) opened at 27.85 on Tuesday. MakeMyTrip Limited has a 52 week low of $13.02 and a 52 week high of $36.12. The stock has a 50-day moving average of $29.66 and a 200-day moving average of $24.99. The company’s market cap is $1.160 billion.
MakeMyTrip Limited (NASDAQ:MMYT) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis.
MMYT has been the subject of a number of recent research reports. 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 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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