Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) have received an average recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $11.15.
ARCO has been the topic of several research analyst reports. BidaskClub raised Arcos Dorados Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. raised Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the company from $10.10 to $10.60 in a research note on Monday, August 28th. Zacks Investment Research raised Arcos Dorados Holdings from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, November 10th. Finally, HSBC Holdings PLC initiated coverage on Arcos Dorados Holdings in a research note on Wednesday. They issued a “buy” rating and a $12.00 price objective on the stock.
Shares of Arcos Dorados Holdings (NYSE ARCO) traded down $0.15 during midday trading on Wednesday, hitting $10.10. The company had a trading volume of 562,246 shares, compared to its average volume of 455,016. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 1.45. Arcos Dorados Holdings has a 52 week low of $5.25 and a 52 week high of $10.80. The company has a market capitalization of $2,100.00, a PE ratio of 25.53, a P/E/G ratio of 1.90 and a beta of 2.07.
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Arcos Dorados Holdings Company Profile
Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, 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.
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