Arcos Dorados Holdings (ARCO) : The consensus on Arcos Dorados Holdings (ARCO) based on 2 analyst recommendation on the company stock is 3.5, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Arcos Dorados Holdings (ARCO).
Arcos Dorados Holdings (ARCO) : 2 Wall Street analysts covering Arcos Dorados Holdings (ARCO) believe that the average level the stock could reach for the short term is $4.5. The maximum price target given is $5 and the minimum target for short term is around $4, hence the standard deviation is calculated at $0.71.
Arcos Dorados Holdings (NYSE:ARCO): After opening at $4.6, the stock dipped to an intraday low of $4.6 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.08 and the buying power remained strong till the end. The stock closed at $5.08 for the day, a gain of 9.72% for the day session. The total traded volume was 629,077. The stocks close on the previous trading day was $4.63.
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.