MakeMyTrip Limited (MMYT) Rating Lowered to D at TheStreet
Several other analysts have also commented on MMYT. Zacks Investment Research upgraded MakeMyTrip Limited from a sell rating to a hold rating in a report on Tuesday, July 25th. Jefferies Group LLC lowered MakeMyTrip Limited from a buy rating to a hold rating and increased their price objective for the company from $19.80 to $32.00 in a report on Thursday, August 10th. UBS AG lowered MakeMyTrip Limited from a buy rating to a sell rating and set a $30.00 price objective for the company. in a report on Wednesday, September 20th. Finally, ValuEngine lowered MakeMyTrip Limited from a hold rating to a sell rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. MakeMyTrip Limited currently has a consensus rating of Hold and a consensus price target of $30.10.
Shares of MakeMyTrip Limited (MMYT) opened at $27.35 on Tuesday. MakeMyTrip Limited has a twelve month low of $22.05 and a twelve month high of $40.90.
MakeMyTrip Limited (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.27. MakeMyTrip Limited had a negative return on equity of 12.74% and a negative net margin of 31.73%. The firm had revenue of $139.20 million during the quarter, compared to analyst estimates of $110.72 million. During the same quarter in the prior year, the business posted ($0.61) EPS. The business’s revenue for the quarter was up 161.7% compared to the same quarter last year. equities research analysts forecast that MakeMyTrip Limited will post -2.22 EPS for the current year.
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Hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. raised its stake in MakeMyTrip Limited by 12.7% in the 2nd quarter. D.A. Davidson & CO. now owns 3,553 shares of the technology company’s stock worth $119,000 after acquiring an additional 399 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in MakeMyTrip Limited in the 3rd quarter worth $135,000. Legal & General Group Plc purchased a new position in MakeMyTrip Limited in the 3rd quarter worth $238,000. Credit Suisse AG purchased a new position in MakeMyTrip Limited in the 1st quarter worth $242,000. Finally, Airain ltd purchased a new position in MakeMyTrip Limited in the 2nd quarter worth $256,000. Institutional investors own 43.05% of the company’s stock.
MakeMyTrip Limited Company Profile
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.
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