Tim Hortons Cut to “Hold” at Desjardins Capital (THI)
A number of other firms have also recently commented on THI. Analysts at Longbow Research downgraded shares of Tim Hortons from a “buy” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at KeyCorp raised their price target on shares of Tim Hortons to $90.00 in a research note on Monday. Finally, 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $70.50.
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 has a 50-day moving average of $58. and a 200-day moving average of $55.48. The company has a market cap of $9.924 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 (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 $3.29 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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