MakeMyTrip (MMYT) Receiving Somewhat Positive Press Coverage, Accern Reports

News stories about MakeMyTrip (NASDAQ:MMYT) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MakeMyTrip earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.8932230096744 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of brokerages recently issued reports on MMYT. BidaskClub upgraded shares of MakeMyTrip from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of MakeMyTrip from a “neutral” rating to an “overweight” rating and set a $36.00 price objective for the company in a report on Tuesday, February 27th. TheStreet upgraded shares of MakeMyTrip from a “d” rating to a “c-” rating in a report on Friday, February 23rd. Jefferies Group set a $30.00 price objective on shares of MakeMyTrip and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.60.

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MakeMyTrip (MMYT) opened at $33.70 on Friday. MakeMyTrip has a fifty-two week low of $22.40 and a fifty-two week high of $40.90. The stock has a market cap of $3,121.60, a P/E ratio of -12.53 and a beta of -0.01.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.08. MakeMyTrip had a negative net margin of 38.95% and a negative return on equity of 12.00%. The firm had revenue of $151.40 million during the quarter, compared to analyst estimates of $143.89 million. During the same quarter last year, the business earned ($0.12) EPS. The company’s revenue was up 97.9% compared to the same quarter last year. equities analysts forecast that MakeMyTrip will post -2.14 earnings per share for the current year.

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MakeMyTrip 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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