Somewhat Critical Press Coverage Very Likely to Impact MercadoLibre (MELI) Stock Price
Media coverage about MercadoLibre (NASDAQ:MELI) has trended somewhat negative on Sunday, AlphaOne reports. AlphaOne, a service of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MercadoLibre earned a coverage optimism score of -0.08 on AlphaOne’s scale. AlphaOne also assigned headlines about the company an impact score of 85 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Alpha One Sentiment’s scoring:
- Can Mercadolibre (MELI) Keep the Earnings Streak Alive This Quarter? (finance.yahoo.com)
- 61.1% Return Seen to Date on SmarTrend MercadoLibre Call (MELI) (mysmartrend.com)
- MERCADOLIBRE INC : Submission of Matters to a Vote of Security Holders (form 8-K) (4-traders.com)
- MercadoLibre Inc (MELI) Moves 1.24% – Stock Press Daily (stockpressdaily.com)
- Pounding the Pavement on Shares of Mercadolibre, Inc. (NasdaqGS:MELI) – Financial Newsweek (finnewsweek.com)
MELI has been the subject of several recent research reports. J P Morgan Chase & Co set a $250.00 price objective on MercadoLibre and gave the company a “buy” rating in a research note on Monday, March 20th. Credit Suisse Group increased their price objective on MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Cowen and Company increased their price objective on MercadoLibre from $192.00 to $211.00 and gave the company a “market perform” rating in a research note on Friday, February 24th. Barclays PLC reissued a “buy” rating and issued a $275.00 price objective on shares of MercadoLibre in a research note on Sunday, May 7th. Finally, Stifel Nicolaus increased their price objective on MercadoLibre from $185.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock 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, reaching $263.45. The company’s stock had a trading volume of 1,543,202 shares. MercadoLibre has a 1-year low of $126.10 and a 1-year high of $297.95. The company’s 50-day moving average is $272.84 and its 200 day moving average is $212.15. The firm has a market capitalization of $11.63 billion, a P/E ratio of 75.23 and a beta of 2.01.
MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 4th. The company reported $1.10 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $247.85 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 73.8% compared to the same quarter last year. On average, analysts expect that MercadoLibre will post $4.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. MercadoLibre’s dividend payout ratio (DPR) is 17.14%.
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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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