MakeMyTrip Limited (NASDAQ:MMYT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Consensus rating: MakeMyTrip has a "Moderate Buy" consensus from five analysts (four buys, one hold) with an average 12‑month price target of $106.33.
• Institutional inflows: Large investors are building positions — Royal Bank of Canada increased its stake by 780% to 2,274,679 shares (~$186.8M), while Capital Research, Norges Bank and Schroder also added sizeable positions; institutional ownership is 51.89%.
• Recent results and valuation: Q results showed an EPS beat ($0.52 vs. $0.43) but a revenue miss, and the stock trades around $41.59 with a market cap of $4.63B and a high P/E (~86.65), highlighting elevated valuation versus recent share weakness.

Shares of MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $106.3333.

MMYT has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. Morgan Stanley reissued an "overweight" rating on shares of MakeMyTrip in a research report on Wednesday, December 31st. Citigroup reduced their price target on MakeMyTrip from $108.00 to $96.00 and set a "buy" rating for the company in a research report on Wednesday, January 21st. Finally, Bank of America reduced their price target on MakeMyTrip from $115.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, December 24th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MMYT. Royal Bank of Canada grew its stake in MakeMyTrip by 780.3% during the 4th quarter. Royal Bank of Canada now owns 2,274,679 shares of the technology company's stock worth $186,797,000 after buying an additional 2,016,281 shares during the last quarter. Capital Research Global Investors purchased a new position in MakeMyTrip during the 4th quarter worth $150,069,000. Norges Bank purchased a new position in MakeMyTrip during the 4th quarter worth $90,284,000. Schroder Investment Management Group grew its stake in MakeMyTrip by 13.8% during the 4th quarter. Schroder Investment Management Group now owns 7,186,704 shares of the technology company's stock worth $590,172,000 after buying an additional 869,728 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in MakeMyTrip by 112.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company's stock worth $128,426,000 after buying an additional 826,143 shares during the last quarter. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Trading Down 2.1%

MMYT opened at $41.59 on Friday. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 86.65, a PEG ratio of 1.73 and a beta of 0.83. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 38.85. MakeMyTrip has a 12 month low of $32.67 and a 12 month high of $113.85. The stock has a fifty day moving average price of $49.56 and a 200-day moving average price of $70.17.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The firm had revenue of $295.70 million during the quarter, compared to analyst estimates of $306.29 million. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%. As a group, equities research analysts anticipate that MakeMyTrip will post 1.27 earnings per share for the current fiscal year.

About MakeMyTrip

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company's offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India's leading travel technology firms.

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