Recent Analysts’ Ratings Changes for MakeMyTrip (MMYT)

A number of firms have modified their ratings and price targets on shares of MakeMyTrip (NASDAQ: MMYT) recently:

• 7/24/2024 – MakeMyTrip was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 7/24/2024 – MakeMyTrip had its price target raised by analysts at Citigroup Inc. from $93.00 to $115.00. They now have a “buy” rating on the stock.
• 7/24/2024 – MakeMyTrip had its price target raised by analysts at Bank of America Co. from $95.00 to $100.00. They now have a “buy” rating on the stock.
• 7/12/2024 – MakeMyTrip was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 7/8/2024 – MakeMyTrip had its price target raised by analysts at Bank of America Co. from $88.00 to $95.00. They now have a “buy” rating on the stock.

MakeMyTrip Price Performance

Shares of MMYT opened at $89.55 on Friday. MakeMyTrip Limited has a fifty-two week low of $28.13 and a fifty-two week high of $100.22. The firm’s 50-day simple moving average is $83.30 and its two-hundred day simple moving average is $69.55. The stock has a market cap of $9.83 billion, a PE ratio of 53.62, a price-to-earnings-growth ratio of 6.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.78.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Wednesday, May 15th. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The company had revenue of $202.89 million during the quarter, compared to analyst estimates of $195.15 million. Analysts anticipate that MakeMyTrip Limited will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MakeMyTrip

Hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of MakeMyTrip by 29.8% during the fourth quarter. Fisher Asset Management LLC now owns 94,606 shares of the technology company’s stock valued at $4,445,000 after buying an additional 21,733 shares during the last quarter. Jump Financial LLC purchased a new stake in MakeMyTrip during the 4th quarter valued at $627,000. Axiom Investors LLC DE increased its holdings in shares of MakeMyTrip by 34.1% in the 4th quarter. Axiom Investors LLC DE now owns 340,048 shares of the technology company’s stock worth $15,975,000 after purchasing an additional 86,558 shares in the last quarter. Raymond James & Associates purchased a new position in shares of MakeMyTrip in the fourth quarter worth $733,000. Finally, Segantii Capital Management Ltd bought a new position in shares of MakeMyTrip during the fourth quarter valued at $6,178,000. Institutional investors own 51.89% of the company’s stock.

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.