Tim Hortons PT Raised to C$89.00 at Desjardins (THI)
Equities research analysts at Desjardins lifted their price objective on shares of Tim Hortons (TSE:THI) from C$85.00 to C$89.00 in a research note issued to investors on Wednesday. Desjardins’ target price suggests a potential upside of 0.33% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets downgraded shares of Tim Hortons to a “market perform” rating in a research note on Wednesday. Separately, 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. Finally, 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. Seven equities research 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 a consensus target price of C$82.79.
Tim Hortons (TSE:THI) traded down 2.18% during mid-day trading on Wednesday, hitting $86.78. The stock had a trading volume of 1,236,303 shares. Tim Hortons has a 52 week low of $56.12 and a 52 week 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 $11.526 billion and a P/E 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. On average, analysts predict that Tim Hortons will post $3.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.