Tim Hortons Raised to “Neutral” at Credit Suisse (THI)
Tim Hortons (NYSE:THI) was upgraded by analysts at Credit Suisse from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Tim Hortons (NYSE:THI) opened at 81.05 on Wednesday. Tim Hortons has a 1-year low of $50.67 and a 1-year high of $82.16. The stock’s 50-day moving average is $59.01 and its 200-day moving average is $55.69. The company has a market cap of $10.765 billion and a price-to-earnings ratio of 27.12. Tim Hortons also saw unusually large options trading activity on Tuesday. Traders acquired 5,309 put options on the stock. This represents an increase of 1,185% compared to the average volume of 413 put options.
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. On average, analysts predict that Tim Hortons will post $3.30 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 $0.2935 per share. This represents a $1.17 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, August 14th.
THI has been the subject of a number of other recent research reports. Analysts at CIBC downgraded shares of Tim Hortons from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. Separately, analysts at Raymond James downgraded shares of Tim Hortons to a “market perform” rating in a research note on Wednesday. Finally, analysts at Miller Tabak & Co. downgraded shares of Tim Hortons from a “buy” rating to a “hold” rating in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Tim Hortons currently has a consensus rating of “Hold” and an average price target of $76.00.
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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