Mercadolibre Inc (MELI) Receives Average Recommendation of “Buy” from Analysts

Shares of Mercadolibre Inc (NASDAQ:MELI) have been given an average rating of “Buy” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $276.98.

Several equities analysts have recently commented on MELI shares. Zacks Investment Research upgraded shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Piper Jaffray Companies boosted their target price on shares of Mercadolibre from $268.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Citigroup cut shares of Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 target price for the company. in a research report on Wednesday, December 20th. BidaskClub upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Finally, Deutsche Bank set a $335.00 target price on shares of Mercadolibre and gave the company a “hold” rating in a research report on Thursday, January 4th.

In related news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average cost of $274.47 per share, for a total transaction of $2,744,700.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $2,744,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MELI. Rhumbline Advisers bought a new stake in Mercadolibre during the 2nd quarter worth approximately $662,000. Bank of New York Mellon Corp grew its holdings in Mercadolibre by 54.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,317 shares of the company’s stock worth $10,365,000 after acquiring an additional 14,491 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Mercadolibre by 48.6% during the 2nd quarter. Alliancebernstein L.P. now owns 25,804 shares of the company’s stock worth $6,474,000 after acquiring an additional 8,444 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in Mercadolibre by 22.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,491 shares of the company’s stock worth $1,879,000 after acquiring an additional 1,390 shares during the last quarter. Finally, Profund Advisors LLC bought a new stake in Mercadolibre during the 2nd quarter worth approximately $578,000. 89.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mercadolibre (MELI) opened at $341.88 on Friday. Mercadolibre has a 12 month low of $172.85 and a 12 month high of $348.17. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The firm has a market cap of $15,100.00, a PE ratio of 113.58, a price-to-earnings-growth ratio of 4.75 and a beta of 2.05.

Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The business 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 company earned $0.88 EPS. The business’s revenue was up 60.6% on a year-over-year basis. equities analysts expect that Mercadolibre will post 2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Thursday, December 28th. Mercadolibre’s dividend payout ratio is 19.93%.

TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/19/mercadolibre-inc-meli-receives-average-recommendation-of-buy-from-analysts.html.

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).

Analyst Recommendations for Mercadolibre (NASDAQ:MELI)

Receive News & Ratings for Mercadolibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply