Arcos Dorados Holdings Inc (NYSE:ARCO) does about 1.19M shares in volume on a normal day but saw 1532528 shares change hands in Friday trading. The company now has a market cap of 2.37B USD. Its current market price is $11.26, marking an increase of 3.49% compared to the previous close of $10.88. The 52 week high reached by this stock is $13.20 whilst the lowest price level in 52 weeks is $7.78.
Arcos Dorados Holdings Inc (ARCO) has a 20-day trading average at $10.93 and the current price is -14.70% off the 52-week high compared with 44.82% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.19 and its 200-day simple moving average is $10.98. If we look at the stock’s price movements over the week, volatility stands at 2.45%, which decreases to 2.40% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.82 to suggest the stock is neutral.
The consensus objective for the share price is $14.27, suggesting that the stock has a potential upside of 21.09% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 01, 2023 when Jefferies initiated the stock to “Buy” and issued a price target of $15. HSBC Securities downgraded its price target at $8.
Arcos Dorados Holdings Inc (ARCO) stock is up 3.87% over the week and 4.55% over the past month. Its price is -11.27% year-to-date and 42.17% over the past year.
To reach the target analysts have set, the stock logically needs to grow 21.09 percent from here.
The company has a return on investment of 8.64% and return on equity of 43.22%. The price to earnings ratio (P/E ratio) amounts to 13.18 while the forward price to earnings ratio is 10.97. The beta has a value of 1.27. Price to book ratio is 5.37 and price to sales ratio is 0.55.
