MercadoLibre (NASDAQ:MELI) Receiving Somewhat Positive News Coverage, Study Finds

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Press coverage about MercadoLibre (NASDAQ:MELI) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MercadoLibre earned a news impact score of 0.08 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0906854362692 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

Several analysts have recently commented on MELI shares. BidaskClub downgraded shares of MercadoLibre from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $433.00 target price for the company in a research note on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and issued a $415.00 price objective (up from $350.00) on shares of MercadoLibre in a research note on Sunday, January 28th. ValuEngine raised shares of MercadoLibre from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, TheStreet lowered shares of MercadoLibre from a “b” rating to a “c” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $329.44.

NASDAQ:MELI opened at $349.96 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.96. The firm has a market cap of $15,697.06, a price-to-earnings ratio of 139.11 and a beta of 2.07. MercadoLibre has a fifty-two week low of $214.00 and a fifty-two week high of $417.91.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 22nd. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.35). The business had revenue of $436.98 million during the quarter, compared to analyst estimates of $404.74 million. MercadoLibre had a net margin of 0.99% and a return on equity of 26.75%. equities research analysts predict that MercadoLibre will post 2.08 EPS for the current year.

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About MercadoLibre

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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