Mercadolibre (MELI) Earning Somewhat Positive Press Coverage, Accern Reports
Media coverage about Mercadolibre (NASDAQ:MELI) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mercadolibre earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.3889427903122 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Mercadolibre (MELI) Given Outperform Rating at Credit Suisse Group (americanbankingnews.com)
- Mercadolibre (MELI) Rating Increased to Strong-Buy at BidaskClub (americanbankingnews.com)
- Stock Watch Evaluation – Mercadolibre, Inc. (NASDAQ: MELI) – Alpha Beta Stock (alphabetastock.com)
- Why MercadoLibre Stock Gained 14.4% in December (finance.yahoo.com)
- Mercadolibre, Inc. (NASDAQ:MELI) – Is the Stock Safe to Invest? – Nasdaq Journal (press release) (nasdaqjournal.com)
MELI has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and set a $290.00 target price on shares of Mercadolibre in a report on Tuesday, October 17th. Credit Suisse Group increased their target price on Mercadolibre from $350.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 target price on shares of Mercadolibre in a report on Wednesday, October 4th. Barclays reduced their target price on Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $268.00 target price on shares of Mercadolibre in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $276.98.
Shares of Mercadolibre (NASDAQ MELI) traded up $9.92 during trading on Monday, hitting $340.79. The stock had a trading volume of 491,215 shares, compared to its average volume of 456,100. 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 firm has a market cap of $15,050.00, a PE ratio of 113.22, a price-to-earnings-growth ratio of 4.61 and a beta of 2.05. Mercadolibre has a fifty-two week low of $172.61 and a fifty-two week high of $341.47.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The business had revenue of $370.66 million for the quarter, compared to analysts’ expectations of $347.29 million. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. The business’s quarterly revenue was up 60.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. research analysts forecast that Mercadolibre will post 2.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Thursday, December 28th. Mercadolibre’s payout ratio is 19.93%.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average cost of $274.47 per share, for a total transaction of $2,744,700.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $2,744,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by corporate insiders.
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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