Share on StockTwits

Tim Hortons (TSE:THI) was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. They currently have a C$85.00 target price on the stock, up from their previous target price of C$73.00. Desjardins’ price target would suggest a potential upside of 3.62% from the stock’s previous close.

A number of other analysts have also recently weighed in on THI. Analysts at Canaccord Genuity raised their price target on shares of Tim Hortons from C$62.00 to C$86.00 in a research note on Tuesday. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$79.29.

Shares of Tim Hortons (TSE:THI) traded up 8.72% during mid-day trading on Tuesday, hitting $89.18. 1,821,559 shares of the company’s stock traded hands. Tim Hortons has a 1-year low of $56.12 and a 1-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 $11.845 billion and a price-to-earnings ratio of 26.98.

Tim Hortons (TSE:THI) last released its earnings data on Thursday, August 7th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. On average, analysts predict that Tim Hortons will post $3.31 earnings per share 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 $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.