Miller Tabak & Co. Downgrades Tim Hortons to Hold (THI)
Other equities research analysts have also recently issued reports about the stock. Analysts at Miller Tabak downgraded shares of Tim Hortons from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $81.00 price target on the stock, up previously from $65.00. Separately, analysts at Desjardins downgraded shares of Tim Hortons to a “hold” rating in a research note on Tuesday. Finally, analysts at Desjardins Capital downgraded shares of Tim Hortons from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $74.40.
Shares of Tim Hortons (NYSE:THI) traded up 8.86% on Tuesday, hitting $81.34. The stock had a trading volume of 7,068,480 shares. Tim Hortons has a 52-week low of $50.67 and a 52-week high of $77.80. The stock’s 50-day moving average is $58. and its 200-day moving average is $55.48. The company has a market cap of $10.803 billion and a P/E ratio of 27.12.
Tim Hortons (NYSE:THI) last announced its earnings results on Wednesday, August 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. 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 $0.2935 per share. This represents a $1.17 annualized dividend and a dividend 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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