Mercadolibre (MELI) PT Set at $335.00 by Deutsche Bank
Mercadolibre (NASDAQ:MELI) received a $335.00 price target from equities researchers at Deutsche Bank in a note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s target price points to a potential upside of 1.25% from the stock’s current price.
A number of other brokerages have also commented on MELI. Goldman Sachs Group reissued a “neutral” rating and set a $215.00 price target on shares of Mercadolibre in a research note on Tuesday, October 3rd. Barclays dropped their price target on Mercadolibre from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. Citigroup lowered Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a research note on Wednesday, December 20th. Stifel Nicolaus reissued a “buy” rating and set a $275.00 price target on shares of Mercadolibre in a research note on Wednesday, October 4th. Finally, BidaskClub upgraded Mercadolibre from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Mercadolibre presently has a consensus rating of “Buy” and an average price target of $276.62.
Mercadolibre (NASDAQ MELI) opened at $330.87 on Thursday. Mercadolibre has a one year low of $166.06 and a one year high of $336.48. The company has a market capitalization of $14,390.00, a P/E ratio of 93.11, a P/E/G ratio of 4.54 and a beta of 2.05. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $347.29 million. During the same period in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 60.6% on a year-over-year basis. equities analysts anticipate that Mercadolibre will post 2.42 EPS for the current year.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of Mercadolibre stock in a transaction dated 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 completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $2,744,700. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Fieldpoint Private Securities LLC purchased a new stake in shares of Mercadolibre in the third quarter worth approximately $104,000. Smithfield Trust Co. raised its holdings in shares of Mercadolibre by 1,025.0% in the third 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. Toronto Dominion Bank raised its holdings in shares of Mercadolibre by 18.4% in the second 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. Pacer Advisors Inc. purchased a new stake in shares of Mercadolibre in the second quarter worth approximately $146,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Mercadolibre in the second quarter worth approximately $198,000. Hedge funds and other institutional investors own 89.44% of the company’s stock.
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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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