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.

MercadoLibre Stock Down 2.0 %

MercadoLibre stock opened at $977.52 on Friday. The firm has a market cap of $49.21 billion, a PE ratio of 206.66 and a beta of 1.68. 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 firm's 50 day moving average price is $779.72 and its two-hundred day moving average price is $924.17. MercadoLibre has a twelve month low of $600.68 and a twelve month high of $1,970.13.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MELI. Credit Suisse Group upped their price target on shares of MercadoLibre from $1,430.00 to $1,470.00 and gave the stock an "outperform" rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. increased their target price on shares of MercadoLibre from $1,300.00 to $1,350.00 in a research note on Monday, August 8th. Barclays cut their target price on shares of MercadoLibre from $1,500.00 to $1,250.00 and set an "overweight" rating for the company in a research note on Thursday, August 4th. KGI Securities began coverage on shares of MercadoLibre in a research note on Monday, June 6th. They set an "outperform" rating for the company. Finally, 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. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, MercadoLibre presently has a consensus rating of "Moderate Buy" and an average price target of $1,388.18.