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Investment analysts at CIBC upped their price objective on shares of Tim Hortons (TSE:THI) from C$79.00 to C$90.00 in a note issued to investors on Tuesday. CIBC’s price objective indicates a potential upside of 9.72% from the stock’s previous close.

THI has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$79.29.

Shares of Tim Hortons (TSE:THI) traded up 8.68% on Tuesday, hitting $89.15. 1,817,599 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 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 $11.841 billion and a P/E 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 for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.06. Analysts expect that Tim Hortons will post $3.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. 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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