Media headlines about Mercadolibre (NASDAQ:MELI) have trended somewhat positive recently, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mercadolibre earned a daily sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also assigned headlines about the company an impact score of 18 out of 100, indicating that recent press coverage is very unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted AlphaOne Sentiment’s analysis:
- Gaps are Down for Today’s Close – TK, EPZM, CZZ, ECYT, JE, TWIN, YERR (fxpips.com)
- Technical Focus: Williams %R, ADX, and CCI Levels for MercadoLibre Inc (MELI) – SKV News (skvnews.com)
- The Parametric Portfolio Associates LLC Buys 35863 Shares of Mercadolibre Inc (MELI) – BangaloreWeekly (bangaloreweekly.com)
- The Commerzbank Aktiengesellschaft FI Has $448000 Position in Mercadolibre Inc (MELI) – BangaloreWeekly (bangaloreweekly.com)
- How Do The Margins Look For Mercadolibre, Inc. (NasdaqGS:MELI)? – Pearson Press (pearsonnewspress.com)
Several analysts recently commented on the stock. Credit Suisse Group AG raised their price objective on shares of Mercadolibre from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $275.00 price objective (up previously from $213.00) on shares of Mercadolibre in a research note on Tuesday, May 9th. JPMorgan Chase & Co. cut shares of Mercadolibre from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $296.24 to $300.00 in a research note on Tuesday. Barclays PLC started coverage on shares of Mercadolibre in a research note on Tuesday, March 28th. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $228.75.
Shares of Mercadolibre (NASDAQ:MELI) traded up 0.65% during trading on Friday, reaching $272.57. 629,586 shares of the company’s stock were exchanged. Mercadolibre has a 52 week low of $126.10 and a 52 week high of $297.95. The firm has a market capitalization of $12.04 billion, a PE ratio of 77.83 and a beta of 2.17. The company’s 50-day moving average price is $239.93 and its 200 day moving average price is $195.61.
Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.32. Mercadolibre had a net margin of 16.13% and a return on equity of 38.86%. The company had revenue of $273.90 million during the quarter, compared to the consensus estimate of $247.85 million. During the same period in the prior year, the company earned $0.68 EPS. Mercadolibre’s revenue was up 73.8% on a year-over-year basis. Analysts predict that Mercadolibre will post $4.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, June 28th. Mercadolibre’s payout ratio is 21.43%.
In other Mercadolibre news, VP Stelleo Tolda sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $211.00, for a total value of $422,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.
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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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