Miller Tabak Downgrades Tim Hortons to Hold (THI)
Tim Hortons (NYSE:THI) was downgraded by equities researchers at Miller Tabak from a “buy” rating to a “hold” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Tim Hortons (NYSE:THI) opened at 74.72 on Tuesday. 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 $9.924 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. Analysts expect that Tim Hortons will post $3.30 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 of this dividend is Thursday, August 14th.
A number of other analysts have also recently weighed in on THI. Analysts at Desjardins downgraded shares of Tim Hortons to a “hold” rating in a research note on Tuesday. Separately, analysts at Desjardins Capital downgraded shares of Tim Hortons from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, analysts at Longbow Research downgraded shares of Tim Hortons from a “buy” rating to a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Tim Hortons presently has an average rating of “Hold” and an average price target of $72.75.
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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