MercadoLibre (MELI) Earning Favorable News Coverage, Analysis Finds

News articles about MercadoLibre (NASDAQ:MELI) have trended positive this week, AlphaOne Sentiment Analysis reports. The research firm, a service of Accern, identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MercadoLibre earned a news impact score of 0.25 on AlphaOne’s scale. AlphaOne also gave headlines about the company an impact score of 41 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have impacted AlphaOne Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for MercadoLibre (NASDAQ:MELI)

Several research firms have recently weighed in on MELI. Goldman Sachs Group, Inc. (The) lowered MercadoLibre from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $309.00 to $290.00 in a research note on Tuesday. Barclays PLC increased their price target on MercadoLibre from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, June 9th. Bank of America Corporation increased their price target on MercadoLibre from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. J P Morgan Chase & Co lowered MercadoLibre from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $296.24 to $300.00 in a research report on Tuesday, May 16th. Finally, Credit Suisse Group increased their price target on MercadoLibre from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $248.33.

Shares of MercadoLibre (NASDAQ:MELI) traded up 0.06% during mid-day trading on Friday, hitting $263.45. 1,543,202 shares of the company traded hands. MercadoLibre has a 1-year low of $126.10 and a 1-year high of $297.95. The stock has a market capitalization of $11.63 billion, a PE ratio of 75.23 and a beta of 2.01. The firm’s 50 day moving average price is $272.84 and its 200-day moving average price is $212.15.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.32. MercadoLibre had a net margin of 16.10% and a return on equity of 41.12%. The company had revenue of $273.90 million during the quarter, compared to analysts’ expectations of $247.85 million. During the same period last year, the company posted $0.68 EPS. MercadoLibre’s revenue was up 73.8% on a year-over-year basis. On average, equities research analysts forecast that MercadoLibre will post $4.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. MercadoLibre’s dividend payout ratio (DPR) is currently 17.14%.

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About MercadoLibre

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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