Arcos Dorados Holdings Inc. (ARCO) Coverage Initiated at HSBC Holdings PLC
HSBC Holdings PLC assumed coverage on shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $12.00 price target on the restaurant operator’s stock.
ARCO has been the topic of several other reports. Citigroup Inc. upgraded Arcos Dorados Holdings from a neutral rating to a buy rating and upped their price objective for the company from $10.10 to $10.60 in a research report on Monday, August 28th. BidaskClub downgraded Arcos Dorados Holdings from a strong-buy rating to a buy rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded Arcos Dorados Holdings from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $11.15.
Shares of Arcos Dorados Holdings (ARCO) opened at $10.10 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.99 and a quick ratio of 0.89. The firm has a market capitalization of $2,131.83, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.98 and a beta of 2.07. Arcos Dorados Holdings has a twelve month low of $5.25 and a twelve month high of $10.80.
About Arcos Dorados Holdings
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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