Mercadolibre (MELI) Receives “Neutral” Rating from Goldman Sachs Group
Goldman Sachs Group reiterated their neutral rating on shares of Mercadolibre (NASDAQ:MELI) in a report released on Thursday morning. Goldman Sachs Group currently has a $378.00 target price on the stock, up from their previous target price of $222.00.
MELI has been the subject of several other research reports. KeyCorp reiterated a buy rating and issued a $290.00 price objective on shares of Mercadolibre in a research note on Tuesday, October 17th. Credit Suisse Group raised their price target on shares of Mercadolibre from $350.00 to $380.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Barclays decreased their price target on shares of Mercadolibre from $275.00 to $250.00 and set an overweight rating for the company in a research note on Monday, October 30th. Piper Jaffray Companies restated a buy rating and set a $268.00 price target on shares of Mercadolibre in a research note on Monday, October 23rd. Finally, Stifel Nicolaus restated a buy rating and set a $415.00 price target (up previously from $350.00) on shares of Mercadolibre in a research note on Sunday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Mercadolibre presently has an average rating of Buy and an average target price of $307.58.
Mercadolibre (NASDAQ MELI) traded down $17.18 during trading hours on Thursday, reaching $328.13. 999,477 shares of the company’s stock traded hands, compared to its average volume of 567,082. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44. The stock has a market cap of $15,170.26, a price-to-earnings ratio of 116.28, a price-to-earnings-growth ratio of 4.50 and a beta of 2.15. Mercadolibre has a 52-week low of $190.07 and a 52-week high of $395.67.
Large investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC bought a new position in Mercadolibre in the 3rd quarter valued at $104,000. Smithfield Trust Co. boosted its holdings in Mercadolibre by 1,025.0% in the 3rd quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock valued at $116,000 after purchasing an additional 410 shares during the period. Toronto Dominion Bank boosted its holdings in Mercadolibre by 18.4% in the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after purchasing an additional 80 shares during the period. Kovack Advisors Inc. bought a new stake in shares of Mercadolibre during the 4th quarter worth $202,000. Finally, M&T Bank Corp bought a new stake in shares of Mercadolibre during the 4th quarter worth $208,000. 89.61% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “Mercadolibre (MELI) Receives “Neutral” Rating from Goldman Sachs Group” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/02/09/mercadolibre-meli-receives-neutral-rating-from-goldman-sachs-group.html.
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).
Receive News & Ratings for Mercadolibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre and related companies with MarketBeat.com's FREE daily email newsletter.