MakeMyTrip (MMYT) Getting Somewhat Favorable Press Coverage, Accern Reports
Media headlines about MakeMyTrip (NASDAQ:MMYT) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MakeMyTrip earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.4352927317723 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
MakeMyTrip (MMYT) opened at $28.15 on Friday. MakeMyTrip has a 1 year low of $22.05 and a 1 year high of $40.90.
MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.45) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.72) by $0.27. The business had revenue of $139.20 million for the quarter, compared to analyst estimates of $110.72 million. MakeMyTrip had a negative net margin of 31.73% and a negative return on equity of 12.74%. The company’s quarterly revenue was up 161.7% compared to the same quarter last year. During the same period last year, the company posted ($0.61) earnings per share. research analysts predict that MakeMyTrip will post -2.22 earnings per share for the current year.
A number of equities analysts have recently commented on MMYT shares. UBS AG lowered shares of MakeMyTrip from a “buy” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $31.50 target price on shares of MakeMyTrip in a research report on Friday, October 13th. Zacks Investment Research raised shares of MakeMyTrip from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Saturday, November 4th. ValuEngine lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, TheStreet lowered shares of MakeMyTrip from a “c-” rating to a “d” rating in a research report on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. MakeMyTrip presently has a consensus rating of “Hold” and an average target price of $30.10.
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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