MercadoLibre, Inc. (MELI) Given Consensus Rating of “Hold” by Analysts
MercadoLibre, Inc. (NASDAQ:MELI) has been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $260.13.
MELI has been the topic of several research reports. Susquehanna Bancshares Inc restated a “market perform” rating and set a $275.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective on shares of MercadoLibre in a research note on Wednesday, October 4th. BidaskClub upgraded MercadoLibre from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Citigroup Inc. upgraded MercadoLibre from a “sell” rating to a “buy” rating and upped their price objective for the company from $126.10 to $263.45 in a research note on Monday, June 19th. Finally, Barclays PLC cut their price objective on MercadoLibre from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 19th.
Institutional investors have recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of MercadoLibre during the 1st quarter worth approximately $106,000. Toronto Dominion Bank raised its position in shares of MercadoLibre by 18.4% during the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after purchasing an additional 80 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of MercadoLibre during the 2nd quarter worth approximately $146,000. Van ECK Associates Corp raised its position in shares of MercadoLibre by 7.3% during the 1st quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock worth $155,000 after purchasing an additional 50 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of MercadoLibre during the 2nd quarter worth approximately $198,000. Institutional investors and hedge funds own 85.84% of the company’s stock.
Shares of MercadoLibre (NASDAQ MELI) traded up 0.62% during midday trading on Wednesday, hitting $275.34. The stock had a trading volume of 301,735 shares. MercadoLibre has a one year low of $148.98 and a one year high of $297.95. The stock has a 50 day moving average of $266.37 and a 200-day moving average of $259.59. The company has a market cap of $12.16 billion, a P/E ratio of 84.20 and a beta of 2.03.
MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.45). MercadoLibre had a return on equity of 37.59% and a net margin of 13.37%. The business had revenue of $316.53 million during the quarter, compared to analyst estimates of $312.16 million. During the same quarter last year, the firm posted $0.74 EPS. The company’s revenue was up 58.6% compared to the same quarter last year. Analysts forecast that MercadoLibre will post $2.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, September 28th. MercadoLibre’s payout ratio is 18.40%.
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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