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Tim Hortons (TSE:THI) was downgraded by equities researchers at KeyCorp from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at Longbow Research downgraded shares of Tim Hortons from a “buy” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at Raymond James downgraded shares of Tim Hortons from an “outperform” rating to a “market perform” rating in a research note on Wednesday. They now have a C$92.50 price target on the stock, up previously from C$72.00. Finally, analysts at Desjardins raised their price target on shares of Tim Hortons from C$85.00 to C$89.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$82.79.

Shares of Tim Hortons (TSE:THI) traded down 2.21% during mid-day trading on Wednesday, hitting $86.75. 1,234,418 shares of the company’s stock traded hands. Tim Hortons has a 1-year low of $56.12 and a 1-year high of $89.99. The stock’s 50-day moving average is $64.13 and its 200-day moving average is $60.85. The company has a market cap of $11.522 billion and a P/E ratio of 29.18.

Tim Hortons (TSE:THI) last announced its earnings results 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. 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 1.44%. 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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