StockNews.com upgraded shares of MakeMyTrip (NASDAQ:MMYT - Free Report) from a sell rating to a hold rating in a research note released on Tuesday.
MMYT has been the subject of a number of other research reports. Bank of America lifted their price target on MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Citigroup upped their price target on MakeMyTrip from $93.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th.
View Our Latest Stock Analysis on MakeMyTrip
MakeMyTrip Trading Down 2.5 %
Shares of NASDAQ:MMYT traded down $2.72 during trading on Tuesday, hitting $104.20. The company had a trading volume of 413,730 shares, compared to its average volume of 727,988. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 58.43, a price-to-earnings-growth ratio of 6.00 and a beta of 1.27. MakeMyTrip has a one year low of $41.11 and a one year high of $113.61. The company has a fifty day simple moving average of $100.74 and a two-hundred day simple moving average of $90.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.10. The firm had revenue of $210.99 million during the quarter, compared to analyst estimates of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same period last year, the company earned $0.18 EPS. As a group, equities analysts forecast that MakeMyTrip will post 1.29 earnings per share for the current year.
Institutional Investors Weigh In On MakeMyTrip
A number of hedge funds have recently added to or reduced their stakes in the company. Park Place Capital Corp acquired a new position in MakeMyTrip in the 3rd quarter valued at $25,000. Advisors Asset Management Inc. lifted its position in shares of MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after purchasing an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company's stock worth $35,000 after acquiring an additional 332 shares during the last quarter. Fifth Third Bancorp bought a new position in MakeMyTrip in the second quarter worth about $59,000. Finally, nVerses Capital LLC acquired a new stake in shares of MakeMyTrip in the second quarter valued at approximately $143,000. Institutional investors and hedge funds own 51.89% of the company's stock.
About MakeMyTrip
(
Get Free Report)
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
See Also
Before you consider MakeMyTrip, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.
While MakeMyTrip currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
