Tim Hortons Rating Increased to Outperform at Raymond James (THI)
Tim Hortons (NYSE:THI) was upgraded by equities research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Shares of Tim Hortons (NYSE:THI) traded down 1.43% on Friday, hitting $52.33. 517,607 shares of the company’s stock traded hands. Tim Hortons has a one year low of $47.99 and a one year high of $61.46. The stock’s 50-day moving average is $53.58 and its 200-day moving average is $56.99. The company has a market cap of $7.697 billion and a P/E ratio of 18.81.
Tim Hortons (NYSE:THI) last released its earnings data on Thursday, February 20th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.03. On average, analysts predict that Tim Hortons will post $3.30 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Tuesday, March 18th. Investors of record on Monday, March 3rd will be paid a dividend of $0.2891 per share. The ex-dividend date is Thursday, February 27th.
THI has been the subject of a number of other recent research reports. Analysts at Miller Tabak initiated coverage on shares of Tim Hortons in a research note on Friday, February 14th. They set a “buy” rating and a $62.00 price target on the stock. Separately, analysts at Longbow Research initiated coverage on shares of Tim Hortons in a research note on Friday, February 7th. They set a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Tim Hortons in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Tim Hortons currently has an average rating of “Hold” and an average target price of $64.47.
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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