Arcos Dorados Holdings (ARCO) : 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Arcos Dorados Holdings (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 (ARCO) : The highest level Arcos Dorados Holdings (ARCO) is projected to reach is $5 for the short term and the lowest estimate is at $4. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $4.5 and the possibility the share price can swing is $0.71.
Company shares have received an average consensus rating of Hold for the current week
Arcos Dorados Holdings (NYSE:ARCO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.50 and $5.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.92, notching a gain of 9.23% for the day. The total traded volume was 1,212,083 . The stock had closed at $5.42 on the previous day.
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.