Tim Hortons Price Target Raised to C$82.00 (THI)
Stock analysts at TD Securities lifted their price objective on shares of Tim Hortons (TSE:THI) from C$70.00 to C$82.00 in a report issued on Tuesday. TD Securities’ target price indicates a potential downside of 0.04% from the company’s current price.
THI has been the subject of a number of other recent research reports. Analysts at CIBC raised their price target on shares of Tim Hortons from C$79.00 to C$90.00 in a research note on Tuesday. Separately, analysts at Desjardins downgraded shares of Tim Hortons from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a C$85.00 price target on the stock, up previously from C$73.00. Finally, 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$79.29.
Tim Hortons (TSE:THI) traded up 8.72% during mid-day trading on Tuesday, hitting $89.18. 1,816,899 shares of the company’s stock traded hands. Tim Hortons has a 52 week low of $56.12 and a 52 week high of $85.40. The stock has a 50-day moving average of $63.26 and a 200-day moving average of $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 issued its quarterly earnings data 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 $3.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders 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.
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