Tim Hortons Given Average Recommendation of “Hold” by Analysts (TSE:THI)
Shares of Tim Hortons (TSE:THI) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, AmericanBankingNews.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$62.75.
Tim Hortons (TSE:THI) traded down 0.43% during mid-day trading on Friday, hitting $59.71. 194,383 shares of the company’s stock traded hands. Tim Hortons has a 1-year low of $53.25 and a 1-year high of $64.18. The stock has a 50-day moving average of $60. and a 200-day moving average of $60.6. The company has a market cap of $8.017 billion and a P/E ratio of 20.47.
Tim Hortons (TSE:THI) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.01. Analysts expect that Tim Hortons will post $3.24 EPS for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Thursday, June 5th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.32 per share. This represents a dividend yield of 2.15%. The ex-dividend date is Tuesday, May 20th.
Several analysts have recently commented on the stock. Analysts at TD Securities cut their price target on shares of Tim Hortons from C$64.00 to C$63.00 in a research note on Thursday, May 8th. They now have a “hold” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Tim Hortons from C$69.00 to C$71.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Tim Hortons from C$59.00 to C$58.00 in a research note on Thursday, May 8th. They now have a “hold” rating on the stock.
Tim Hortons Inc, is a quick service restaurant in North America. The Company’s menu includes premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, grilled Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including donuts.
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