Arcos Dorados Holdings Inc. (NYSE:ARCO) currently has a daily average trading volume of 841.59K but it saw 986306 shares traded on Thursday. With a market cap of 1.84B USD, stock’s current market price of $8.64 came falling about -0.80 while comparing to the previous closing price of $8.71. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.26 and as low as $6.23. In the recent trading on the day, stock has struck highest price mark of $8.81 while lowest mark touched by it was $8.63.
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Taking a look at 20-day trading activity of Arcos Dorados Holdings Inc. (ARCO) gives us an average price of $8.47, while its current price level is -6.70% below from 52-week high level whereas it is 38.68% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.98 while that of 200 days or SMA-200 reads an average of $7.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.55% during that period while stretching the period over a month that increases to 2.68%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 56.99 which implies that the stock is in neutral territory.
Arcos Dorados Holdings Inc. (ARCO)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $9.00 and $12.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $9.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $12.00. Average price target assigned by them is $10.84 which highlights an upside potential of 20.3% for the stock over that period. And to attain the median price target of $11.00 assigned by those analysts, stock has to add about 21.45% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 8 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, ARCO’s stock price is moving -5.37% down while it is 10.34% when we observe its performance for the past one month. Year-to-date it is 3.35% up and over the past year, the stock is showing an upside performance of 16.29%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.18 beat the consensus estimate of $0.13 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of $0.13 while estimate for next year EPS is $0.74. For ARCO, analysts are forecasting an EPS-growth rate of 10.40% for current year and estimate for EPS growth in next year is 25.70%. In next quarter, company is expected to be making quarterly sales of $1.06 billion as analysts are expecting the sales for current fiscal year at $4.14 billion and seeing the company making $4.53 billion in sales next year. Moreover, analysts are in estimates of $965.46 million for current-quarter revenue.
Currently, Arcos Dorados Holdings Inc.’s total number of outstanding shares is 210.59M with 3.70% of that held by the insiders while 44.18% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 17.00%. It has a price to earnings ratio (P/E ratio) of 12.97 while having a 9.87 of forward P/E ratio. Stock’s beta reads 0.96. Stock has a price to book (P/B) ratio of 5.13 while price to sale or P/S ratio amounts to 0.51.
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