News articles about Mercadolibre (NASDAQ:MELI) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mercadolibre earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.0906854362692 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Hot Stock under Consideration – MercadoLibre Inc (NASDAQ: MELI) – Stocks Pen (stockspen.com)
- Is Amazon Gunning for MercadoLibre? (finance.yahoo.com)
- Amazon's Free Shipping Is Killing These Companies' Margins (finance.yahoo.com)
- Mercadolibre Inc (MELI) Expected to Announce Quarterly Sales of $420.55 Million (americanbankingnews.com)
- Analyst rating score for Mercadolibre, Inc. (MELI) stands at 2.60 – Nasdaq Fortune (press release) (nasdaqfortune.com)
MELI has been the subject of a number of analyst reports. BidaskClub cut Mercadolibre from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $415.00 price target (up previously from $350.00) on shares of Mercadolibre in a report on Sunday, January 28th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $385.00 price target (up previously from $380.00) on shares of Mercadolibre in a report on Monday, January 8th. Deutsche Bank set a $335.00 price target on Mercadolibre and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $415.00 price target on shares of Mercadolibre in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $330.98.
Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.35). Mercadolibre had a return on equity of 26.75% and a net margin of 0.99%. The firm had revenue of $436.98 million for the quarter, compared to analysts’ expectations of $404.74 million. analysts anticipate that Mercadolibre will post 2.4 earnings per share for the current year.
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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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