MercadoLibre (NASDAQ: MELI) announced its earnings results on Monday. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.08. The company had revenue of $103.75 million for the quarter, compared to the consensus estimate of $105.21 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis.
A number of research firms have also recently commented on MELI. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of MercadoLibre in a research note to investors on Friday, February 15th. On a related note, analysts at Credit Suisse cut their price target on shares of MercadoLibre from $95.00 to $91.00 in a research note to investors on Tuesday, February 12th. Finally, analysts at JPMorgan Chase cut their price target on shares of MercadoLibre from $100.00 to $93.00 in a research note to investors on Monday, December 10th. They now have an “overweight” rating on the stock.
Five equities research analysts have rated the stock with a buy rating, six have assigned a hold rating, and one has given a sell rating to the company. MercadoLibre presently has an average rating of “overweight” and a consensus target price of $95.77.
Shares of MercadoLibre (MELI) traded down 0.66% during mid-day trading on Monday, hitting $84.56. MercadoLibre (MELI) has a one year low of $64.18 and a one year high of $104.50. The stock’s 50-day moving average is currently $85.84. The company has a market cap of $3.733 billion and a P/E ratio of 40.69.
MercadoLibre, Inc. hosts an online commerce platform in Latin America, called MercadoLibre and located at www.
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