Mercadolibre Receives Average Recommendation of “Hold” from Analysts (NASDAQ:MELI)
Shares of Mercadolibre (NASDAQ:MELI) have earned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, Analyst Ratings.Net reports. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $102.94.
Shares of Mercadolibre (NASDAQ:MELI) traded down 0.02% on Thursday, hitting $113.25. 78,739 shares of the company’s stock traded hands. 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 $96.45 and a 200-day moving average of $92.30. The company has a market cap of $5.000 billion and a price-to-earnings ratio of 66.83.
Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.16. The company had revenue of $131.80 million for the quarter, compared to the consensus estimate of $110.02 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts predict that Mercadolibre will post $1.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.166 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, September 26th.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Mercadolibre in a research note on Wednesday, August 13th. They set a “buy” rating and a $130.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Mercadolibre from $72.00 to $93.00 in a research note on Friday, August 8th. Finally, analysts at Piper Jaffray raised their price target on shares of Mercadolibre from $104.00 to $137.00 in a research note on Friday, August 8th.
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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