Zacks Upgrades Tim Hortons to “Outperform” (THI)
Tim Hortons (NYSE:THI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, American Banking News reports. The firm currently has a $60.90 price objective on the stock. Zacks‘ price target indicates a potential upside of 4.16% from the company’s current price.
A number of other analysts have also recently weighed in on THI. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Tim Hortons in a research note to investors on Thursday, September 19th. They now have a $69.00 price target on the stock. Separately, analysts at Northcoast Research initiated coverage on shares of Tim Hortons in a research note to investors on Friday, August 23rd. They set a “buy” rating and a $72.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Tim Hortons from $43.00 to $49.00 in a research note to investors on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $59.66.
Tim Hortons (NYSE:THI) traded down 1.03% on Tuesday, hitting $57.87. 59,714 shares of the company’s stock traded hands. Tim Hortons has a one year low of $45.41 and a one year high of $59.72. The stock has a 50-day moving average of $56.87 and a 200-day moving average of $55.67. The company has a market cap of $8.738 billion and a P/E ratio of 21.25.
Tim Hortons (NYSE:THI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.06. The company had revenue of $800.10 million for the quarter. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Tim Hortons will post $2.96 earnings per share for the current fiscal year.
Tim Hortons Inc is a quick service restaurant chain in North America. The Company’s menu includes coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including its trademark donuts.
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