Analyst Ratings for MercadoLibre Inc. (MELI)

Updated: 2017-07-29

An average rating of Overweight has been given to MercadoLibre Inc. (NASDAQ:MELI) by analysts covering the stock. MELI had previously received a consensus rating of Overweight a month ago.

5 analysts declared MELI a buy, 0 issued an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Today, there are 4 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Several price targets were given for MELI by the analysts covering the stock. The maximum price target given was 330, implying a possible profit of 14.24 percent. The minimum price target given was 154, implying a possible loss of -46.69 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -10.01 percent. The average change in earnings estimates over the last 90 days is -1.59 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.31 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 4.87 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.

MELI has an estimated earnings growth rate of 32.15 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. MELI has a PEG ratio of 2.57.

MELI has traded between a high of 297.95 and a low of 148.71 over the past year. Today's price is 94.25 percent above the 52-week low, and below the high by 3.05 percent. MELI has a P/E ratio of 82.53. Investors typically compare the P/E ratio to a company's peers in the industry. The MELI value stock report compares MELI to some of its peers using value stock charts. The stock has a market capitalization of $12.66 billion. MELI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.