Arcos Dorados Holdings (NYSE:ARCO) : 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Arcos Dorados Holdings (NYSE:ARCO). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 2 Wall Street Analysts endorse the stock as a Hold with a rating of 3.5.
Arcos Dorados Holdings (NYSE:ARCO) : Average target price received by Arcos Dorados Holdings (NYSE:ARCO) is $4.5 with an expected standard deviation of $0.71. The most aggressive target on the stock is $5, whereas the most downbeat target is $4. 2 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week
Arcos Dorados Holdings (NYSE:ARCO): On Tuesdays trading session , Opening price of the stock was $4.68 with an intraday high of $4.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.42. However, the stock managed to close at $4.55, a loss of 0.87% for the day. On the previous day, the stock had closed at $4.59. The total traded volume of the day was 1,124,009 shares.
Arcos Dorados Holdings Inc. is a McDonalds franchisee. The Company, through its wholly owned and majority owned subsidiaries, operates and franchises McDonalds restaurants in the food service industry. The Company manages its business as distinct geographic segments and its operations are divided into four geographical divisions: the Brazil; the Caribbean division, consisting of Aruba, Curacao, Colombia, French Guyana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay. The Company operates McDonalds-branded restaurants under two different operating formats: Company-operated restaurants and franchised restaurants. The Company operated or franchised approximately 2,121 McDonalds-branded restaurants.