Mercadolibre (NASDAQ:MELI) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday. They currently have a $405.00 price target on the stock, down from their previous price target of $425.00. Stifel Nicolaus’ price objective would suggest a potential upside of 7.02% from the company’s previous close.
Other research analysts also recently issued reports about the company. BidaskClub downgraded Mercadolibre from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research raised Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price target on the stock in a report on Wednesday, January 31st. ValuEngine raised Mercadolibre from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. TheStreet downgraded Mercadolibre from a “b” rating to a “c” rating in a report on Friday, February 23rd. Finally, Deutsche Bank set a $335.00 price target on Mercadolibre and gave the company a “hold” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Mercadolibre currently has an average rating of “Buy” and an average target price of $329.44.
Mercadolibre (MELI) opened at $378.44 on Thursday. The stock has a market capitalization of $17,093.76, a price-to-earnings ratio of 1,182.63 and a beta of 2.07. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.96. Mercadolibre has a 1-year low of $203.36 and a 1-year high of $417.91.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.35). The business had revenue of $436.98 million for the quarter, compared to the consensus estimate of $404.74 million. Mercadolibre had a net margin of 0.99% and a return on equity of 26.75%. analysts predict that Mercadolibre will post 2.4 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the business. Fieldpoint Private Securities LLC purchased a new stake in Mercadolibre in the third quarter worth about $104,000. Dumac Inc. increased its position in Mercadolibre by 105.6% in the fourth quarter. Dumac Inc. now owns 370 shares of the company’s stock worth $116,000 after buying an additional 190 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Mercadolibre in the fourth quarter worth about $140,000. Elkfork Partners LLC purchased a new stake in Mercadolibre in the fourth quarter worth about $185,000. Finally, Green Square Capital LLC purchased a new stake in Mercadolibre in the fourth quarter worth about $200,000. 92.19% of the stock is currently owned by institutional investors.
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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