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Shares of Mercadolibre (NASDAQ:MELI) have received an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, AnalystRatings.NET reports. Four analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $106.03.

A number of research firms have recently commented on MELI. Analysts at Zacks upgraded shares of Mercadolibre from an “underperform” rating to an “outperform” rating in a research note on Thursday. They now have a $115.30 price target on the stock. Separately, 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. Finally, 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.

Shares of Mercadolibre (NASDAQ:MELI) opened at 113.55 on Thursday. Mercadolibre has a 52 week low of $79.52 and a 52 week high of $145.99. The stock has a 50-day moving average of $97.49 and a 200-day moving average of $92.6. The company has a market cap of $5.014 billion and a P/E ratio of 67.39.

Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter 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. Investors 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 0.58%. The ex-dividend date is Friday, September 26th.

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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