MakeMyTrip Limited Given Average Rating of “Hold” by Analysts (NASDAQ:MMYT)
MakeMyTrip Limited (NASDAQ:MMYT) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the stock, Stock Ratings Network.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report 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.
MakeMyTrip Limited (NASDAQ:MMYT) opened at 27.20 on Tuesday. MakeMyTrip Limited has a 1-year low of $13.16 and a 1-year high of $36.12. The stock has a 50-day moving average of $28.43 and a 200-day moving average of $26.40. The company’s market cap is $1.134 billion.
MakeMyTrip Limited (NASDAQ:MMYT) last released its earnings data on Wednesday, July 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 36.5% on a year-over-year basis. 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).
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