MercadoLibre, Inc. (MELI) Given Average Recommendation of “Hold” by Analysts
MercadoLibre, Inc. (NASDAQ:MELI) has earned an average rating of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $265.90.
MELI has been the topic of several analyst reports. BidaskClub lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered shares of MercadoLibre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $309.00 to $290.00 in a research report on Tuesday, June 13th. Vetr upgraded shares of MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 price target on the stock in a research report on Monday, August 7th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $287.00 price target on shares of MercadoLibre in a research report on Thursday, July 13th.
MercadoLibre (MELI) traded down 1.81% on Friday, hitting $282.71. 811,096 shares of the stock were exchanged. The company has a 50-day moving average price of $258.71 and a 200 day moving average price of $251.42. MercadoLibre has a 1-year low of $148.98 and a 1-year high of $297.95. The company has a market capitalization of $12.48 billion, a PE ratio of 86.64 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.45). The firm had revenue of $316.53 million for the quarter, compared to analyst estimates of $312.16 million. MercadoLibre had a return on equity of 37.59% and a net margin of 13.37%. The business’s revenue was up 58.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS. Analysts anticipate that MercadoLibre will post $3.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.21%. MercadoLibre’s dividend payout ratio is currently 18.40%.
A number of institutional investors have recently modified their holdings of MELI. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in MercadoLibre in the first quarter valued at approximately $106,000. Toronto Dominion Bank boosted its position in MercadoLibre by 18.4% in the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after buying an additional 80 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in MercadoLibre in the second quarter valued at approximately $146,000. Van ECK Associates Corp boosted its position in MercadoLibre by 7.3% in the first quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock valued at $155,000 after buying an additional 50 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in MercadoLibre in the second quarter valued at approximately $198,000. Hedge funds and other institutional investors own 85.83% of the company’s stock.
MercadoLibre Company Profile
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
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