MakeMyTrip Ltd. (NASDAQ:MMYT)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a research note issued to investors on Monday.

Separately, Zacks Investment Research upgraded shares of MakeMyTrip from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, September 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.34.

Shares of MakeMyTrip (NASDAQ:MMYT) traded up 1.771% on Monday, reaching $24.425. 236,945 shares of the company were exchanged. MakeMyTrip has a 52 week low of $13.69 and a 52 week high of $31.90. The firm’s 50 day moving average price is $25.77 and its 200 day moving average price is $19.84. The stock’s market capitalization is $1.02 billion.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Wednesday, October 26th. The company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.05. MakeMyTrip had a negative net margin of 32.90% and a negative return on equity of 149.89%. The business earned $83.10 million during the quarter, compared to analyst estimates of $50.67 million. During the same quarter in the previous year, the business posted ($0.17) EPS. The company’s quarterly revenue was up 46.8% compared to the same quarter last year. Equities research analysts anticipate that MakeMyTrip will post ($2.41) EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “MakeMyTrip Ltd. (MMYT) Stock Rating Reaffirmed by Jefferies Group” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/28/makemytrip-ltd-mmyt-stock-rating-reaffirmed-by-jefferies-group.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of MakeMyTrip during the first quarter worth about $13,065,000. Ward Ferry Management BVI Ltd increased its position in shares of MakeMyTrip by 81.6% in the second quarter. Ward Ferry Management BVI Ltd now owns 2,832,226 shares of the company’s stock worth $42,087,000 after buying an additional 1,272,300 shares during the last quarter. First Trust Advisors LP increased its position in shares of MakeMyTrip by 200.9% in the second quarter. First Trust Advisors LP now owns 223,544 shares of the company’s stock worth $3,322,000 after buying an additional 149,240 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new position in shares of MakeMyTrip during the second quarter worth about $668,000. Finally, Westpac Banking Corp increased its position in shares of MakeMyTrip by 43.0% in the second quarter. Westpac Banking Corp now owns 82,480 shares of the company’s stock worth $1,226,000 after buying an additional 24,808 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

About MakeMyTrip

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

5 Day Chart for NASDAQ:MMYT

Receive News & Stock Ratings for MakeMyTrip Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip Ltd. and related stocks with our FREE daily email newsletter.