William Blair Starts Stock Coverage on MercadoLibre (MELI)
Investment analysts at William Blair began coverage on shares of MercadoLibre (NASDAQ: MELI) in a note issued to investors on Monday. The firm set an “outperform” rating on the stock.
Shares of MercadoLibre opened at 96.975 on Monday. MercadoLibre has a 52 week low of $48.30 and a 52 week high of $104.50. The company has a market cap of $4.281 billion and a P/E ratio of 55.92.
The company last announced its quarterly results on Thursday, February 23rd. It reported $0.47 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.51 EPS by $0.04. The company’s quarterly revenue was up 38.8% on a year-over-year basis. On average, analysts predict that MercadoLibre will post $0.51 earnings per share next quarter.
MELI has been the subject of a number of other recent research reports. Analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of MercadoLibre in a research note to investors on Thursday, April 12nd. They set a “neutral” rating and a $101.50 price target on the stock. Separately, analysts at RBC Capital (NYSE: RY) raised their price target on shares of MercadoLibre from $100.00 to $125.00 in a research note to investors on Friday, February 24th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of MercadoLibre from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, February 23rd. They now have a $100.00 price target on the stock.
MercadoLibre, Inc. hosts an online commerce platform in Latin America, called MercadoLibre and located at www.