Mercadolibre (MELI) Getting Somewhat Favorable News Coverage, Study Shows
Media headlines about Mercadolibre (NASDAQ:MELI) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mercadolibre earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.8194459976415 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Mercadolibre, Inc. (NASDAQ:MELI) – PEG Secrets – Nasdaq Journal (press release) (nasdaqjournal.com)
- Hot Stock’s Alert – Mercadolibre, Inc., (NASDAQ: MELI) – Stock Watch (stocksnewstimes.com)
- Mercadolibre (MELI) Downgraded by Citigroup (americanbankingnews.com)
- Mercadolibre, Inc. (NASDAQ: MELI) – Today’s Hot Stock Under Review – Alpha Beta Stock (alphabetastock.com)
- Argentine Companies To Invest In 2018: MercadoLibre Inc … – Seeking Alpha (seekingalpha.com)
Mercadolibre (MELI) traded down $3.71 during trading hours on Friday, hitting $314.83. 449,968 shares of the stock were exchanged, compared to its average volume of 771,297. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44. Mercadolibre has a fifty-two week low of $154.72 and a fifty-two week high of $334.99. The firm has a market cap of $14,065.89, a PE ratio of 104.60, a PEG ratio of 5.26 and a beta of 2.05.
Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The business had revenue of $370.66 million for the quarter, compared to analysts’ expectations of $347.29 million. During the same period in the prior year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 60.6% on a year-over-year basis. analysts forecast that Mercadolibre will post 2.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.19%. Mercadolibre’s dividend payout ratio (DPR) is presently 19.93%.
Several brokerages have issued reports on MELI. Citigroup cut shares of Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research note on Wednesday. BidaskClub raised shares of Mercadolibre from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Piper Jaffray Companies boosted their price objective on shares of Mercadolibre from $268.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Credit Suisse Group boosted their price objective on shares of Mercadolibre from $350.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Barclays dropped their price objective on shares of Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mercadolibre presently has an average rating of “Buy” and an average price target of $272.13.
In related news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the stock in a transaction dated Monday, November 27th. The shares were acquired at an average cost of $274.47 per share, with a total value of $2,744,700.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $2,744,700. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.
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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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