MercadoLibre, Inc. (MELI) Given Consensus Rating of “Buy” by Analysts
Shares of MercadoLibre, Inc. (NASDAQ:MELI) have been assigned a consensus rating of “Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $271.21.
Several equities research analysts have weighed in on MELI shares. Vetr upgraded MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 target price for the company in a report on Monday, August 7th. Piper Jaffray Companies reiterated a “buy” rating and issued a $287.00 target price on shares of MercadoLibre in a report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $215.00 target price on shares of MercadoLibre in a report on Tuesday, October 3rd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $270.00 target price on shares of MercadoLibre in a report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reiterated a “market perform” rating and issued a $275.00 target price on shares of MercadoLibre in a report on Tuesday, August 1st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crosslink Capital Inc. bought a new position in shares of MercadoLibre in the 2nd quarter worth $2,316,000. AXA raised its position in shares of MercadoLibre by 186.9% in the 2nd quarter. AXA now owns 77,470 shares of the company’s stock worth $19,436,000 after acquiring an additional 50,470 shares in the last quarter. KBC Group NV raised its position in shares of MercadoLibre by 54.2% in the 2nd quarter. KBC Group NV now owns 5,082 shares of the company’s stock worth $1,275,000 after acquiring an additional 1,786 shares in the last quarter. Barings LLC bought a new position in shares of MercadoLibre in the 1st quarter worth $218,000. Finally, Westpac Banking Corp raised its position in shares of MercadoLibre by 774.0% in the 2nd quarter. Westpac Banking Corp now owns 29,811 shares of the company’s stock worth $7,479,000 after acquiring an additional 26,400 shares in the last quarter. 83.92% of the stock is owned by hedge funds and other institutional investors.
MercadoLibre (MELI) opened at $267.35 on Friday. MercadoLibre has a 1-year low of $148.98 and a 1-year high of $297.95. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $11,805.38, a price-to-earnings ratio of 76.39, a P/E/G ratio of 4.14 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. MercadoLibre had a return on equity of 33.82% and a net margin of 10.91%. The company had revenue of $370.66 million during the quarter, compared to analysts’ expectations of $347.29 million. During the same quarter in the previous year, the business earned $0.88 EPS. MercadoLibre’s revenue was up 60.6% compared to the same quarter last year. equities analysts expect that MercadoLibre will post 2.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 28th. MercadoLibre’s payout ratio is 19.93%.
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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