MakeMyTrip Limited Given Average Rating of “Hold” by Analysts (NASDAQ:MMYT)
Shares of MakeMyTrip Limited (NASDAQ:MMYT) have earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Stock Ratings Network.com reports. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.14.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of MakeMyTrip Limited in a research note on Tuesday, August 12th. They set a “buy” rating and a $37.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of MakeMyTrip Limited in a research note on Thursday, July 31st. They now have a $27.00 price target on the stock, up previously from $25.00. Finally, analysts at Zacks downgraded shares of MakeMyTrip Limited from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $33.30 price target on the stock.
Shares of MakeMyTrip Limited (NASDAQ:MMYT) traded down 2.31% on Tuesday, hitting $27.8601. 39,638 shares of the company’s stock traded hands. MakeMyTrip Limited has a 52 week low of $13.16 and a 52 week high of $36.12. The stock has a 50-day moving average of $29.18 and a 200-day moving average of $26.3. The company’s market cap is $1.161 billion.
MakeMyTrip Limited (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.04. The company had revenue of $94.84 million for the quarter, compared to the consensus estimate of $77.16 million. During the same quarter last year, the company posted $0.05 earnings per share. MakeMyTrip Limited’s revenue was up 36.5% compared to the same quarter last year. On average, analysts predict that MakeMyTrip Limited will post $0.03 earnings per share for the current fiscal 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).
Receive News & Ratings for MakeMyTrip Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.