Tim Hortons Given Average Rating of “Hold” by Brokerages (TSE:THI)
Tim Hortons (TSE:THI) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Analyst RN reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$63.14.
Tim Hortons (TSE:THI) traded up 2.06% during mid-day trading on Thursday, hitting $65.85. 399,669 shares of the company’s stock traded hands. Tim Hortons has a 52-week low of $56.12 and a 52-week high of $64.73. The stock has a 50-day moving average of $59.44 and a 200-day moving average of $59.61. The company has a market cap of $8.841 billion and a P/E ratio of 22.02.
Tim Hortons (TSE:THI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.06. On average, analysts predict that Tim Hortons will post $3.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.98%.
Separately, analysts at Canaccord Genuity raised their price target on shares of Tim Hortons from C$58.00 to C$62.00 in a research note on Thursday.
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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