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Tim Hortons (NYSE:THI) saw strong trading volume on Tuesday after KeyCorp raised their price target on the stock to $90.00, Stock Ratings Network.com reports. 12,150,242 shares changed hands during trading, an increase of 720% from the previous session’s volume of 1,481,863 shares.The stock last traded at $81.13 and had previously closed at $74.72.

Separately, 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $74.40.

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 $10.760 billion and a P/E ratio of 27.12.

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. 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. Shareholders 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.

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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