Several brokerages have updated their recommendations and price targets on shares of MercadoLibre (NASDAQ: MELI) in the last few weeks:

  • 8/9/2017 – MercadoLibre was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/9/2017 – MercadoLibre was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “MercadoLibre is the largest online trading platform in Latin America. We are market leaders in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on unique visitors and page views. Additionally, we have recently launched online trading platforms in Costa Rica, the Dominican Republic and Panama. With a market of over Five fifty million people and a region with one of the world’s fastest-growing Internet penetration rates, we provide buyers and sellers a robust online trading environment that fosters the development of a large and growing e-commerce community. We offer a technological and commercial solution that addresses the distinctive cultural and geographic challenges of operating an online trading platform in Latin America. “
  • 8/9/2017 – MercadoLibre had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $275.00 price target on the stock, up previously from $260.00.
  • 8/9/2017 – MercadoLibre had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $270.00 price target on the stock.
  • 8/7/2017 – MercadoLibre was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $316.69 price target on the stock.
  • 8/4/2017 – MercadoLibre had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $275.00 price target on the stock, down previously from $290.00.
  • 8/1/2017 – MercadoLibre had its “market perform” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $275.00 price target on the stock.
  • 7/19/2017 – MercadoLibre had its price target lowered by analysts at Barclays PLC from $300.00 to $290.00. They now have an “overweight” rating on the stock.
  • 7/16/2017 – MercadoLibre was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/13/2017 – MercadoLibre had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $287.00 price target on the stock.
  • 7/7/2017 – MercadoLibre had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $290.00 price target on the stock.
  • 6/28/2017 – MercadoLibre was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/27/2017 – MercadoLibre was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “MercadoLibre is the largest online trading platform in Latin America. We are market leaders in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on unique visitors and page views. Additionally, we have recently launched online trading platforms in Costa Rica, the Dominican Republic and Panama. With a market of over Five fifty million people and a region with one of the world’s fastest-growing Internet penetration rates, we provide buyers and sellers a robust online trading environment that fosters the development of a large and growing e-commerce community. We offer a technological and commercial solution that addresses the distinctive cultural and geographic challenges of operating an online trading platform in Latin America. “
  • 6/23/2017 – MercadoLibre was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $280.00 price target on the stock.
  • 6/19/2017 – MercadoLibre was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “buy” rating. They now have a $263.45 price target on the stock, up previously from $126.10.
  • 6/13/2017 – MercadoLibre was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $290.00 price target on the stock, down previously from $309.00.

MercadoLibre, Inc. (NASDAQ:MELI) opened at 232.64 on Friday. The firm has a 50 day moving average of $269.14 and a 200 day moving average of $240.41. The firm has a market cap of $10.27 billion, a P/E ratio of 71.30 and a beta of 2.05. MercadoLibre, Inc. has a 1-year low of $148.98 and a 1-year high of $297.95.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, August 3rd. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.45. MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. The business had revenue of $316.53 million during the quarter, compared to analysts’ expectations of $312.16 million. During the same period in the prior year, the business posted $0.74 EPS. The business’s revenue was up 58.6% on a year-over-year basis. On average, equities research analysts expect that MercadoLibre, Inc. will post $3.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, September 28th. MercadoLibre’s dividend payout ratio is presently 18.40%.

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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