MercadoLibre (NASDAQ:MELI) Receiving Somewhat Favorable News Coverage, Study Shows

News headlines about MercadoLibre (NASDAQ:MELI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. 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 daily sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the company an impact score of 28 out of 100, indicating that recent news coverage is unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern’s analysis:

MercadoLibre (NASDAQ MELI) opened at 275.28 on Tuesday. The company has a 50-day moving average price of $276.49 and a 200-day moving average price of $219.31. The firm has a market cap of $12.16 billion, a P/E ratio of 78.61 and a beta of 2.03. MercadoLibre has a 12-month low of $147.33 and a 12-month high of $297.95.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 4th. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.32. MercadoLibre had a return on equity of 41.12% and a net margin of 16.10%. The company had revenue of $273.90 million for the quarter, compared to analyst estimates of $247.85 million. During the same quarter last year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 73.8% on a year-over-year basis. On average, analysts predict that MercadoLibre will post $4.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. MercadoLibre’s dividend payout ratio (DPR) is currently 17.14%.

MELI has been the subject of a number of recent analyst reports. Barclays PLC reiterated a “buy” rating and issued a $275.00 target price on shares of MercadoLibre in a research report on Sunday, May 7th. J P Morgan Chase & Co set a $250.00 target price on shares of MercadoLibre and gave the company a “buy” rating in a research report on Monday, March 20th. Credit Suisse Group raised their price objective on shares of MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Goldman Sachs Group, Inc. (The) lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $309.00 to $290.00 in a research report on Tuesday, June 13th. Finally, Zacks Investment Research lowered shares of MercadoLibre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $257.46.

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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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