MercadoLibre, Inc. (NASDAQ:MELI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Nineteen brokerages give MercadoLibre a consensus rating of Moderate Buy (15 Buy, 3 Hold, 1 Strong Buy) with an average 1‑year price target of about $2,695.33.
• Major firms including Barclays, Jefferies, Morgan Stanley and Cantor Fitzgerald recently trimmed price targets into the $2,400–$2,600 range but generally maintained buy/overweight ratings.
• MercadoLibre reported quarterly EPS of $11.03 on revenue of $8.76B; the stock trades near $1,742 with a market cap of about $88.3B and a P/E of 44.2.

Shares of MercadoLibre, Inc. (NASDAQ:MELI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nineteen brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $2,695.3333.

A number of analysts have commented on the company. Zacks Research upgraded MercadoLibre from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. Barclays cut their price target on MercadoLibre from $2,900.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 25th. Jefferies Financial Group raised MercadoLibre from a "hold" rating to a "buy" rating and cut their price target for the stock from $2,800.00 to $2,600.00 in a report on Tuesday. Morgan Stanley cut their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a report on Monday, March 9th. Finally, Cantor Fitzgerald cut their price target on MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, February 25th.

Hedge Funds Weigh In On MercadoLibre

A number of institutional investors have recently made changes to their positions in MELI. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre in the fourth quarter worth $26,000. Transamerica Financial Advisors LLC acquired a new position in shares of MercadoLibre in the fourth quarter worth $26,000. Purpose Unlimited Inc. acquired a new position in shares of MercadoLibre in the fourth quarter worth $28,000. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre in the second quarter worth $29,000. Finally, Curio Wealth LLC acquired a new position in MercadoLibre in the fourth quarter valued at $30,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 1.9%

MELI opened at $1,742.30 on Wednesday. The business's fifty day moving average is $1,840.83 and its two-hundred day moving average is $2,028.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The company has a market cap of $88.33 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 0.90 and a beta of 1.49. MercadoLibre has a one year low of $1,593.21 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The company had revenue of $8.76 billion for the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. Analysts anticipate that MercadoLibre will post 43.96 EPS for the current fiscal year.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

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