Mercadolibre Given Average Recommendation of “Hold” by Brokerages (NASDAQ:MELI)
Shares of Mercadolibre (NASDAQ:MELI) have earned a consensus rating of “Hold” from the twelve brokerages that are covering the company, StockRatingsNetwork.com reports. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $96.88.
MELI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Mercadolibre from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $93.80 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Mercadolibre from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 29th. They now have a $104.00 price target on the stock, down previously from $114.00.
Shares of Mercadolibre (NASDAQ:MELI) opened at 90.38 on Thursday. Mercadolibre has a 1-year low of $79.52 and a 1-year high of $145.99. The stock has a 50-day moving average of $89.36 and a 200-day moving average of $92.94. The company has a market cap of $3.991 billion and a P/E ratio of 30.75.
Mercadolibre (NASDAQ:MELI) last released its earnings data on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.12. The company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $109.37 million. During the same quarter last year, the company posted $0.53 earnings per share. Mercadolibre’s revenue was up 12.4% compared to the same quarter last year. Analysts expect that Mercadolibre will post $2.38 EPS for the current fiscal year.
MercadoLibre Inc is an Argentina-based company active in the e-commerce industy. The Company hosts the online commerce platform in Latin America, focused on enabling e-commerce and its related services, and is located at www.
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