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Tim Hortons (NYSE:THI) shot up 21.3% during trading on Monday after KeyCorp raised their price target on the stock to $90.00, Stock Ratings News reports. The company traded as high as $76.67 and last traded at $76.20, with a volume of 7,237,742 shares traded. The stock had previously closed at $62.84.

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 research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Tim Hortons has a consensus rating of “Buy” and an average target price of $70.50.

The stock’s 50-day moving average is $57.81 and its 200-day moving average is $55.25. The company has a market cap of $9.924 billion and a price-to-earnings ratio of 22.81.

Tim Hortons (NYSE:THI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. 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 given a dividend of $0.2935 per share. This represents a $1.17 dividend on an annualized basis and a yield of 1.57%. 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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