Canaccord Genuity Raises Tim Hortons Price Target to C$86.00 (THI)
Canaccord Genuity boosted their price target on shares of Tim Hortons (TSE:THI) from C$62.00 to C$86.00 in a research note issued on Tuesday. Canaccord Genuity’s target price points to a potential upside of 4.84% from the stock’s previous close.
Shares of Tim Hortons (TSE:THI) opened at 82.03 on Tuesday. Tim Hortons has a one year low of $56.12 and a one year high of $85.40. The stock’s 50-day moving average is $63.26 and its 200-day moving average is $60.61. The company has a market cap of $10.895 billion and a P/E ratio of 22.62.
Tim Hortons (TSE:THI) last announced its earnings results on Thursday, August 7th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.06. On average, analysts predict that Tim Hortons will post $3.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders 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 1.56%. The ex-dividend date is Thursday, August 14th.
A number of other analysts have also recently weighed in on THI. Analysts at Barclays raised their price target on shares of Tim Hortons from C$60.00 to C$64.00 in a research note on Thursday, August 7th. They now have an “equal weight” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Tim Hortons from C$72.00 to C$79.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Tim Hortons from C$65.00 to C$72.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tim Hortons currently has an average rating of “Buy” and a consensus target price of C$74.50.
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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