Shares of MercadoLibre, Inc. (NASDAQ:MELI – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $2,272.00.
Several equities research analysts have recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $2,150.00 price objective on shares of MercadoLibre in a research note on Thursday, September 3rd. Citigroup boosted their target price on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Cantor Fitzgerald increased their price target on MercadoLibre from $2,150.00 to $2,300.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Barclays dropped their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, UBS Group reduced their target price on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th.
Check Out Our Latest Analysis on MELI
Institutional Trading of MercadoLibre
MercadoLibre Price Performance
Shares of NASDAQ MELI opened at $1,978.36 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. MercadoLibre has a 12-month low of $1,495.00 and a 12-month high of $2,548.50. The firm’s 50-day moving average price is $1,865.34 and its 200-day moving average price is $1,769.47. The stock has a market capitalization of $100.30 billion, a price-to-earnings ratio of 53.80, a P/E/G ratio of 1.36 and a beta of 1.31.
MercadoLibre (NASDAQ:MELI – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $9.19 EPS for the quarter, topping the consensus estimate of $8.65 by $0.54. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The company had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same quarter last year, the business posted $10.31 earnings per share. The firm’s revenue was up 49.8% on a year-over-year basis. On average, equities research analysts anticipate that MercadoLibre will post 39.11 EPS for the current fiscal year.
About MercadoLibre
MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.
Key offerings include its marketplace platform and a suite of logistics and payment services.
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