KeyCorp Raises Tim Hortons Price Target to $90.00 (THI)
Analysts at KeyCorp boosted their price objective on shares of Tim Hortons (NYSE:THI) to $90.00 in a research report issued to clients and investors on Monday. KeyCorp’s price objective points to a potential upside of 43.22% from the company’s current price.
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, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $70.50.
Tim Hortons (NYSE:THI) traded up 21.07% on Monday, hitting $76.08. The stock had a trading volume of 9,188,642 shares. Tim Hortons has a 52 week low of $50.67 and a 52 week high of $63.01. The stock has a 50-day moving average of $57.81 and a 200-day moving average of $55.25. The company has a market cap of $10.105 billion and a price-to-earnings ratio of 22.81.
Tim Hortons (NYSE:THI) last released its 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. Analysts expect that Tim Hortons will post $3.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be paid a dividend of $0.2935 per share. This represents a $1.17 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, August 14th.
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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