Media headlines about MercadoLibre (NASDAQ:MELI) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MercadoLibre earned a news impact score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.4646042583265 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- MercadoLibre Reaches Analyst Target Price (nasdaq.com)
- MercadoLibre, Inc. breached its 50 day moving average in a Bullish Manner : MELI-US : September 11, 2017 (finance.yahoo.com)
- Why Teva Pharmaceutical Industries, MercadoLibre, and XL Group Jumped Today (finance.yahoo.com)
- $0.80 Earnings Per Share Expected for MercadoLibre, Inc. (MELI) This Quarter (americanbankingnews.com)
- E Commerce China Dangdang (DANG) & MercadoLibre (MELI) Head to Head Survey (americanbankingnews.com)
MercadoLibre (NASDAQ:MELI) traded up 1.94% during trading on Tuesday, reaching $290.79. The company’s stock had a trading volume of 1,106,144 shares. The stock has a market cap of $12.84 billion, a P/E ratio of 89.12 and a beta of 2.04. The company’s 50 day moving average price is $258.15 and its 200-day moving average price is $249.72. MercadoLibre has a 1-year low of $148.98 and a 1-year high of $297.95.
MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.45). The business had revenue of $316.53 million during the quarter, compared to analyst estimates of $312.16 million. MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. The company’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. Equities analysts forecast that MercadoLibre will post $3.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, September 28th. MercadoLibre’s dividend payout ratio is presently 18.40%.
Several analysts recently commented on MELI shares. Bank of America Corporation boosted their price target on MercadoLibre from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Citigroup Inc. raised MercadoLibre from a “sell” rating to a “buy” rating and boosted their price target for the company from $126.10 to $263.45 in a research note on Monday, June 19th. BidaskClub raised MercadoLibre from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $287.00 price target on shares of MercadoLibre in a research note on Thursday, July 13th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $290.00 price target on shares of MercadoLibre in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $261.69.
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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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