News articles about Mercadolibre (NASDAQ:MELI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mercadolibre earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.3944994319888 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price target on shares of Mercadolibre in a report on Wednesday, October 4th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $215.00 price target on shares of Mercadolibre in a report on Tuesday, October 3rd. Credit Suisse Group raised their price target on Mercadolibre from $350.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Susquehanna Bancshares cut their price target on Mercadolibre from $275.00 to $230.00 in a report on Friday, October 13th. Finally, Barclays cut their price target on Mercadolibre from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Mercadolibre has an average rating of “Buy” and a consensus target price of $271.21.
Mercadolibre (MELI) traded up $12.35 during mid-day trading on Monday, reaching $288.80. The company’s stock had a trading volume of 887,856 shares, compared to its average volume of 644,572. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The company has a market cap of $12,210.00, a PE ratio of 78.99, a price-to-earnings-growth ratio of 4.56 and a beta of 2.05. Mercadolibre has a 1 year low of $150.29 and a 1 year high of $297.95.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.21%. The ex-dividend date is Thursday, December 28th. Mercadolibre’s payout ratio is 19.93%.
In other news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of the stock in a transaction on Monday, November 27th. The shares were purchased at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $2,744,700. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by company insiders.
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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