Mercadolibre Inc (NASDAQ:MELI) has been given an average recommendation of “Buy” by the eighteen research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $356.75.

Several equities analysts recently commented on MELI shares. BidaskClub downgraded Mercadolibre from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Stifel Nicolaus upgraded Mercadolibre from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a research report on Tuesday, August 21st. UBS Group upgraded Mercadolibre from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 27th. Barclays cut their target price on Mercadolibre from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Friday, October 12th. Finally, ValuEngine downgraded Mercadolibre from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 11th.

Shares of Mercadolibre stock traded down $2.41 during midday trading on Friday, hitting $342.20. 3,020 shares of the company were exchanged, compared to its average volume of 659,356. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.62 and a quick ratio of 1.61. The company has a market capitalization of $15.58 billion, a PE ratio of 133.20 and a beta of 1.96. Mercadolibre has a 52 week low of $259.12 and a 52 week high of $417.91.

Mercadolibre (NASDAQ:MELI) last posted its earnings results on Thursday, November 1st. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.13). The company had revenue of $355.30 million for the quarter, compared to the consensus estimate of $352.75 million. Mercadolibre had a negative return on equity of 9.47% and a negative net margin of 7.04%. Mercadolibre’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. Equities analysts anticipate that Mercadolibre will post -0.93 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of MELI. Steward Partners Investment Advisory LLC raised its position in Mercadolibre by 79.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 408 shares of the company’s stock valued at $139,000 after purchasing an additional 181 shares during the last quarter. Financial Gravity Wealth Inc. increased its stake in shares of Mercadolibre by 151.3% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 671 shares of the company’s stock valued at $193,000 after buying an additional 404 shares during the period. HMS Capital Management LLC acquired a new stake in shares of Mercadolibre in the 2nd quarter valued at $211,000. Wagner Bowman Management Corp acquired a new stake in shares of Mercadolibre in the 3rd quarter valued at $214,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Mercadolibre in the 3rd quarter valued at $215,000. Hedge funds and other institutional investors own 91.40% of the company’s stock.

Mercadolibre Company Profile

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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Analyst Recommendations for Mercadolibre (NASDAQ:MELI)

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