Analysts’ Weekly Ratings Updates for Mercadolibre (MELI)

A number of firms have modified their ratings and price targets on shares of Mercadolibre (NASDAQ: MELI) recently:

  • 2/8/2018 – Mercadolibre had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $378.00 price target on the stock, up previously from $222.00.
  • 2/8/2018 – Mercadolibre was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/31/2018 – Mercadolibre was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $433.00 price target on the stock. According to Zacks, “MercadoLibre has outperformed the industry it belongs to in the past 12 months. MercadoLibre is currently grappling with margin compression due to increased investments toward free shipping in Brazil, Mexico, Chile and Colombia. This makes us increasingly cautious about the company's future profitability. Increased investments will continue to be a major headwind in the fourth quarter. However, top-line growth continuous, driven by solid momentum across all the key performance metrics. Mercadolibre continues to prudently invest in free shipping, loyalty, product, technology and customer acquisition initiatives, which, in turn, boosts traffic and conversions in its marketplaces. The company’s mobile initiatives are also delivering results.”
  • 1/28/2018 – Mercadolibre had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $415.00 price target on the stock, up previously from $350.00. They wrote, “We believe strong sales momentum continued through the holiday season particularly in Brazil and Mexico on the back of investments in free shipping, customer loyalty, and marketing. Shares have significantly outperformed the market since the last quarterly report on November 2 nd (62% share price appreciation versus 11% for the S&P 500) despite Amazon’s growing presence in Brazil and Mexico and the significant reset in MercadoLibre’s margin profile stemming from investments. We maintain our positive view as we see substantial runway ahead for the company in eCommerce and digital payments as the Latin America region is still in the early innings of development in both areas. We are maintaining our Buy rating and raising our price target to $415.””
  • 1/9/2018 – Mercadolibre was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “MercadoLibre is currently grappling with margin compression due to increased investments toward free shipping in Brazil, Mexico, Chile and Colombia. This makes us increasingly cautious about the company's future profitability. Increased investments will continue to be a major headwind in the fourth quarter. However, top-line growth continuous, driven by solid momentum across all the key performance metrics. Mercadolibre continues to prudently invest in free shipping, loyalty, product, technology and customer acquisition initiatives, which, in turn, boosts traffic and conversions in its marketplaces. The company’s mobile initiatives are also delivering results. In the past 12 months, the company has outperformed the industry it belongs to.”
  • 1/8/2018 – Mercadolibre had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $385.00 price target on the stock, up previously from $380.00.
  • 1/5/2018 – Mercadolibre was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/4/2018 – Mercadolibre was given a new $335.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 12/20/2017 – Mercadolibre was downgraded by analysts at Citigroup Inc from a “neutral” rating to a “sell” rating. They now have a $230.00 price target on the stock.
  • 12/14/2017 – Mercadolibre was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Mercadolibre Inc (MELI) traded down $9.45 on Monday, hitting $335.86. The stock had a trading volume of 1,575,900 shares, compared to its average volume of 590,626. The firm has a market cap of $14,830.00, a price-to-earnings ratio of 111.58, a P/E/G ratio of 4.40 and a beta of 2.15. Mercadolibre Inc has a 12 month low of $190.07 and a 12 month high of $395.67. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76.

In related news, Director Alejandro Nicolas Aguzin bought 10,000 shares of Mercadolibre stock in a transaction dated Monday, November 27th. The shares were bought at an average cost of $274.47 per share, with a total value of $2,744,700.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $2,744,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.36% of the company’s stock.

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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