MercadoLibre, Inc. (NASDAQ:MELI) had its price target lifted by Credit Suisse Group from $350.00 to $380.00 in a research note issued on Friday, November 3rd. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 42.92% from the company’s current price.
A number of other equities research analysts have also weighed in on MELI. Piper Jaffray Companies restated a “buy” rating and set a $287.00 price target on shares of MercadoLibre in a research note on Thursday, July 13th. BidaskClub upgraded MercadoLibre from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Barclays PLC dropped their price target on MercadoLibre from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc reiterated a “market perform” rating and issued a $275.00 target price on shares of MercadoLibre in a research report on Tuesday, August 1st. Finally, Vetr upgraded MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 target price on the stock in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $271.21.
MercadoLibre (MELI) traded down $2.87 during mid-day trading on Friday, hitting $265.89. The company had a trading volume of 313,853 shares, compared to its average volume of 643,950. MercadoLibre has a 12-month low of $148.98 and a 12-month high of $297.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43. The company has a market capitalization of $11,740.00, a P/E ratio of 75.95, a P/E/G ratio of 4.39 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. MercadoLibre had a return on equity of 34.78% and a net margin of 10.91%. The company had revenue of $370.66 million for the quarter, compared to analyst estimates of $347.29 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was up 60.6% compared to the same quarter last year. analysts predict that MercadoLibre will post 2.42 EPS for the current year.
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A number of large investors have recently made changes to their positions in MELI. Fieldpoint Private Securities LLC acquired a new position in shares of MercadoLibre during the 3rd quarter worth approximately $104,000. Smithfield Trust Co. raised its stake in shares of MercadoLibre by 1,025.0% during the 3rd quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after buying an additional 410 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of MercadoLibre during the 1st quarter worth approximately $106,000. Toronto Dominion Bank raised its stake in shares of MercadoLibre by 18.4% during the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after buying an additional 80 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in shares of MercadoLibre during the 2nd quarter worth approximately $146,000. 84.92% of the stock is 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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