MercadoLibre (NASDAQ:MELI) Rating Reiterated
The financial firm have set target price per share of $378.0 on Mercadolibre (NASDAQ:MELI) shares. This is 9.47 % from the stock close price. In a research note issued to clients on Thursday, 8 February, Goldman Sachs restate their “Neutral” rating on shares of MELI.
NASDAQ:MELI is at the moment trading -3.22% lower at $228.15 as of 4:07 PM New York time. MercadoLibre’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has added 6.00% in the same time.
Out of 10 brokers covering MercadoLibre, 4 rate it a Buy, 5 indicate a Hold while 2 suggest a Sell. The highest target is $160 and the lowest is $83.5 according to Thomson/First Call. The 12-month mean target is $120.55, which means downside potential of 47.16% over the current price.
Dynamo Internacional Gestao De Recursos Ltda. had the biggest stake with ownership of 169,196 shares as of q2 2015 for 5.64% of the equity exposure. Glynn Capital Management Llc is another quite bullish investment manager who is having 81,272 shares of MercadoLibre or 4.75% of their equity exposure. In addition, Fox Point Capital Management Llc have 4.3% of their equity exposure invested in the company for 10,000 shares. The Washington-based fund Zevenbergen Capital Investments Llc revealed it had purchased so far a stake worth about 3.88% of the investment manager’s stock portfolio in MercadoLibre. The California-based fund Capital International Inc Ca is also positive about the stock, possessing 510,523 shares or 3.71% of their equity exposure.
MercadoLibre (NASDAQ:MELI) 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).
MercadoLibre (NASDAQ:MELI) traded down -3.22% on 8 February, hitting $228.15. A total of 275,928 shares of the company’s stock traded hands. This is down from average of 852,138 shares. MercadoLibre has a 52 week low of $148.98 and a 52 week high of $297.95. The company has a market cap of $10.07B and a P/E ratio of 69.91.
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The post Equity Analysts at Goldman Sachs Reiterated their “Neutral” rating for MercadoLibre (NASDAQ:MELI). The Price Objective is $378.0 appeared first on Octafinance.