Rating Sentiment Worth Watching: Are Analysts Bearish MakeMyTrip Limited (NASDAQ:MMYT) After Last Week?

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Rating Sentiment Worth Watching: Are Analysts Bearish MakeMyTrip Limited (NASDAQ:MMYT) After Last Week? insurance

Rating Sentiment Worth Watching: Are Analysts Bearish MakeMyTrip Limited (NASDAQ:MMYT) After Last Week? insurance

Out of 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $17 is the highest target while $16 is the lowest. The $16.37 average target is -34.91% below today’s ($25.15) stock price. MakeMyTrip has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, October 30 by Deutsche Bank. The firm earned “Neutral” rating on Friday, June 3 by Nomura. Nomura downgraded the stock to “Reduce” rating in Tuesday, February 23 report. Below is a list of MakeMyTrip Limited (NASDAQ:MMYT) latest ratings and price target changes.

The stock decreased 3.08% or $0.8 during the last trading session, hitting $25.15. MakeMyTrip Limited (NASDAQ:MMYT) has risen 33.14% since April 20, 2016 and is uptrending. It has outperformed by 28.58% the S&P500.

MakeMyTrip Limited is an online travel firm in India. The company has a market cap of $1.04 billion. 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. It currently has negative earnings. The Company’s divisions include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet 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.

MakeMyTrip Limited, incorporated on April 28, 2000, is an online travel firm 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. The Company’s divisions include Air ticketing; Hotels and packages, and Others. The Air ticketing segment provides the facility to book international and domestic air tickets through an Internet platform. The Hotels and packages segment provides holiday packages and hotel reservations through an Internet platform, call-centers and branch offices. The Company’s Other activities primarily 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.

More important recent MakeMyTrip Limited (NASDAQ:MMYT) news were published by: Fool.com which released: “Why Harley-Davidson, MakeMyTrip Limited, and UnitedHealth Group Jumped Today” on October 18, 2016, also Quotes.Wsj.com published article titled: “MakeMyTrip Ltd. MMYT (US: Nasdaq)”, Schaeffersresearch.com published: “MakeMyTrip Limited (MMYT) Options Volume Explodes On Buyout Buzz” on October 18, 2016. More interesting news about MakeMyTrip Limited (NASDAQ:MMYT) was released by: Streetinsider.com and their article: “MakeMyTrip Limited (MMYT): Merger With Ibibo Game Changing – Jefferies” with publication date: October 19, 2016.

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