Tim Hortons Downgraded to “Market Perform” at BMO Capital Markets (THI)
Tim Hortons (TSE:THI) traded down 2.18% on Wednesday, hitting $86.78. The stock had a trading volume of 1,237,715 shares. Tim Hortons has a 52 week low of $56.12 and a 52 week high of $89.99. The stock has a 50-day moving average of $64.13 and a 200-day moving average of $60.85. The company has a market cap of $11.526 billion and a price-to-earnings ratio of 29.18.
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. 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 1.44%. The ex-dividend date is Thursday, August 14th.
A number of other analysts have also recently weighed in on THI. Analysts at TD Securities raised their price target on shares of Tim Hortons from C$70.00 to C$82.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Tim Hortons presently has a consensus rating of “Hold” and an average price target of C$82.79.
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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