Stifel Nicolaus cut shares of Mercadolibre (NASDAQ:MELI) from a buy rating to a hold rating in a report published on Thursday, The Fly reports.
Other equities analysts have also recently issued reports about the company. BTIG Research reissued a buy rating and set a $410.00 price target on shares of Mercadolibre in a report on Wednesday, January 16th. Credit Suisse Group increased their price target on Mercadolibre from $387.00 to $398.00 and gave the company an outperform rating in a report on Monday, January 28th. BidaskClub raised Mercadolibre from a buy rating to a strong-buy rating in a report on Thursday, December 13th. Goldman Sachs Group initiated coverage on Mercadolibre in a report on Tuesday, February 5th. They set a buy rating and a $438.00 price target on the stock. Finally, ValuEngine cut Mercadolibre from a buy rating to a hold rating in a report on Thursday, December 13th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Mercadolibre presently has a consensus rating of Buy and an average target price of $423.17.
Mercadolibre stock opened at $490.76 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $22.77 billion, a P/E ratio of -598.49, a P/E/G ratio of 23.78 and a beta of 2.21. Mercadolibre has a twelve month low of $257.52 and a twelve month high of $514.90.
Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings results on Tuesday, February 26th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.10. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $400.80 million. Mercadolibre had a negative return on equity of 13.47% and a negative net margin of 2.54%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.53) EPS. On average, analysts expect that Mercadolibre will post 0.41 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Csenge Advisory Group bought a new position in Mercadolibre in the 3rd quarter worth $42,000. We Are One Seven LLC purchased a new stake in Mercadolibre in the 4th quarter worth $51,000. Larson Financial Group LLC purchased a new stake in Mercadolibre in the 4th quarter worth $59,000. Bogart Wealth LLC increased its stake in Mercadolibre by 15.8% in the 4th quarter. Bogart Wealth LLC now owns 374 shares of the company’s stock worth $109,000 after buying an additional 51 shares in the last quarter. Finally, Executive Wealth Management LLC purchased a new stake in Mercadolibre in the 4th quarter worth $112,000. 90.56% of the stock is currently owned by institutional investors.
Mercadolibre Company Profile
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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