MercadoLibre - MELI Stock Forecast, Price & News

MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Credit Suisse Group lifted their price target on MercadoLibre from $1,430.00 to $1,470.00 and gave the company an "outperform" rating in a report on Thursday, August 4th. Barclays reduced their target price on MercadoLibre from $1,500.00 to $1,250.00 and set an "overweight" rating for the company in a report on Thursday, August 4th. Stifel Nicolaus cut their target price on shares of MercadoLibre from $1,200.00 to $1,000.00 in a research note on Friday, July 15th. Citigroup lowered their price objective on shares of MercadoLibre from $1,500.00 to $1,150.00 and set a "buy" rating on the stock in a research report on Thursday, June 9th. Finally, StockNews.com raised MercadoLibre from a "sell" rating to a "hold" rating in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,388.18.

MercadoLibre Price Performance

Shares of NASDAQ:MELI traded up $48.61 during midday trading on Friday, reaching $1,081.08. The company's stock had a trading volume of 508,900 shares, compared to its average volume of 669,827. The company has a market cap of $54.42 billion, a P/E ratio of 228.56 and a beta of 1.68. MercadoLibre has a fifty-two week low of $600.68 and a fifty-two week high of $1,970.13. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.27 and a current ratio of 1.30. The business's 50 day moving average price is $761.52 and its two-hundred day moving average price is $924.07.

MercadoLibre (NASDAQ:MELI - Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $2.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.75. MercadoLibre had a return on equity of 19.66% and a net margin of 2.68%. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, analysts forecast that MercadoLibre will post 7.48 EPS for the current fiscal year.