Tim Hortons Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:THI)
Tim Hortons (NYSE:THI) has received a consensus rating of “Buy” from the fourteen analysts that are presently covering the company, AnalystRatingsNetwork reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $66.63.
Shares of Tim Hortons (NYSE:THI) traded up 2.00% during mid-day trading on Thursday, hitting $60.30. The stock had a trading volume of 179,622 shares. Tim Hortons has a 52 week low of $50.67 and a 52 week high of $61.46. The stock has a 50-day moving average of $55.25 and a 200-day moving average of $54.48. The company has a market cap of $8.096 billion and a P/E ratio of 22.02.
Tim Hortons (NYSE:THI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.06. The company had revenue of $874.30 million for the quarter, compared to the consensus estimate of $840.50 million. During the same quarter last year, the company posted $0.81 earnings per share. Tim Hortons’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Tim Hortons will post $3.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given a dividend of $0.2935 per share. This represents a $1.17 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, August 14th.
Separately, analysts at BMO Capital Markets upgraded shares of Tim Hortons from a “market perform” rating to an “outperform” rating 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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